|                                                                   |   |                                           |
|------------------------------------------------------------------------|--------|------------------------------------------------|
| ILLINOIS(State or other jurisdiction of incorporation or organization) |   | 36-1944630(IRS Employer Identification Number) |

|                          |   |                                      |
|-------------------------------|--------|-------------------------------------------|
| Common Stock, $1.00 par value |   | NYSE Amex                                 |
| Title of each class           |   | Name of each exchange on which registered |

|                           |                     |                                                                            |                             |
|--------------------------------|--------------------------|---------------------------------------------------------------------------------|----------------------------------|
| Large accelerated filer o | Accelerated filer o | Non-accelerated filer  o (Do not check if aSmaller Reporting Company) | Smaller Reporting Company x |

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Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

Item 9A. CONTROLS AND PROCEDURES

Item 9B. OTHER INFORMATION

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PART IV

Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

|   |   |   |   |                                                                                                         |
|--------|--------|--------|--------|--------------------------------------------------------------------------------------------------------------|
|   |   | -      |   | Consolidated Balance Sheets as of December 31, 2011 and 2010                                            |
|   |   |   |   |                                                                                                         |
|   |   | -      |   | Consolidated Statements of Operations for years ended December 31, 2011, 2010, and 2009                 |
|   |   |   |   |                                                                                                         |
|   |   | -      |   | Consolidated Statements of Shareholders’ Equity for years ended December 31, 2011, 2010, and 2009 |
|   |   |   |   |                                                                                                         |
|   |   | -      |   | Consolidated Statements of Cash Flows for years ended December 31, 2011, 2010, and 2009                 |
|   |   |   |   |                                                                                                         |
|   |   | -      |   | Notes to the Consolidated Financial Statements                                                               |
|   |   |   |   |                                                                                                         |
|   |   | -      |   | Independent Auditors’ Reports                                                                          |

| 3.1         |   | Articles of Incorporation of the Company, as amended, filed as Exhibit 3.1 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1994 and incorporated herein by reference.                                                 |
|-------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |   |
| 3.2         |   | By-Laws of the Company, as amended and restated and in force February 18, 2010, filed as Exhibit 3.2 of the Company’s Current Report on Form 8-K dated February 23, 2010 and incorporated herein by reference.                                              |
|        |   |                                                                                                                                                                                                                                                              |
| 10.1        |   | Employment Agreement dated February 29, 1996 between the Company and Anthony Spier, as amended, filed as Exhibit 10.1 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1995 and incorporated herein by reference. |
|        |   |                                                                                                                                                                                                                                                              |
| 10.2        |   | First, Second, Third and Fourth Amendment to the Employment Agreement between the Company and Anthony Spier filed as Exhibit 10.15 of the Company's Annual Report on Form 10-K for the year ended December 31, 2004 and incorporated herein by reference.         |
|        |   |                                                                                                                                                                                                                                                              |
| 10.3        |   | Fifth Amendment to the Employment Agreement between the Company and Anthony Spier filed as Exhibit 10.3 of  the Company’s Annual Report on Form 10-K for the year ended December 31, 2007 and incorporated herein by reference.                   |
|        |   |                                                                                                                                                                                                                                                              |
|  10.4  |   | Sixth Amendment to the Employment Agreement between the Company and Anthony Spier filed as part of the Company’s Annual Report on Form 10-K for the year ended December 31, 2010.                                                                           |
|        |   |                                                                                                                                                                                                                                                              |
| 10.5        |   | Wells-Gardner Electronics Corporation Employee 401K Plan dated January 1, 1990, as amended, filed as Exhibit 10.10 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1993 and incorporated herein by reference.    |
|        |   |
| 10.6        |   | Wells-Gardner Electronics CorporationAmended and Restated Incentive Stock Plan, as amended and filed as Exhibit 4.1 of the Company’s Form S-8, dated August 21, 1998 and incorporated herein by reference.                                        |
|        |   |
| 10.7        |   | Wells-Gardner Electronics CorporationAmended and Restated Executive Stock Award Plan, as amended and filed as Exhibit A to the Definitive Proxy Statement filed March 26, 2009.                                                                                   |
|        |   |                                                                                                                                                                                                                                                              |
| 10.8        |   | Acquisition of Certain Assets of American Gaming and Electronics dated January 12, 2000, filed as Exhibits 2.1, 2.2 and 2.3 to the Company’s Current Report on Form 8-K, dated January 27, 2000 and incorporated herein by reference.             |
|        |   |                                                                                                                                                                                                                                                              |
|  10.9  |   | Executive Stock Award Plan, filed as Exhibits 4.1 and 4.2 of the Company’s Form S-8, dated May 12, 2000 and incorporated herein by reference.                                                                                                               |
|        |   |                                                                                                                                                                                                                                                              |
|  10.10 |   | Agreement dated July 3, 2006, between the Company and Local 1031, I.B.E.W., AFL-CIO filed as Exhibit 10.9 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2006 and incorporated herein by reference.                            |
|        |   |                                                                                                                                                                                                                                                              |

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| 10.11  |   | Agreement dated June 30, 2010 between the Company and Local 1031, I.B.E.W., AFL-CIO extending the collective bargaining agreement to June 30, 2011, filed as part of the Company’s Annual Report on Form 10-K for the year ended December 31, 2010.                                                                                                      |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                           |
| 10.12  |   | Agreement dated June 28, 2011 including Contract Considerations dated July 19, 2011 between the Company and     Local 1031, I.B.E.W., AFL-CIO, extending the collective bargaining agreement to June 30, 2012, filed as part of    the Company's Annual Report on Form 10-K for the year ended December 31, 2011. |
|   |   |
| 10.13  |   | Credit and Security Agreement with Wells-Fargo Bank, National Association, dated August 21, 2006 filed as Exhibit 10.1 to the Company’s Form 8K/A dated August 25, 2006 and incorporated herein by reference.                                                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                                                           |
| 10.14  |   | First Amendment to Credit and Security Agreement with Wells-Fargo Bank, National Association, dated March 29, 2007 filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2007 and incorporated herein by reference.                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                           |
| 10.15  |   | Second Amendment to Credit and Security Agreement with Wells-Fargo Bank, National Association, dated June 29, 2007 filed as Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2007 and incorporated herein by reference.                                                                                              |
|   |   |
| 10.16  |   | Third Amendment to Credit and Security Agreement with Wells-Fargo Bank, National Association, dated September 15, 2009 filed as Exhibit 10.14 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 and incorporated herein by reference.                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                           |
| 10.17  |   | Fourth Amendment to Credit and Security Agreement with Wells-Fargo Bank, National Association, dated March 4, 2011 filed as part of  the Company’s Annual Report on Form 10-K for the year ended December 31, 2010.                                                                                                                            |
| 10.18  |   | Fifth Amendment to Credit and Security Agreement and Waiver of 12/31/11 Defaults with Wells-Fargo Bank, National Association, dated March 5, 2012 filed as part of  the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                           |
| 10.19  |   | Employment Agreement dated as of May 13, 2008 between the Company and James F. Brace, filed as Exhibit 10.13 of the Company's Current Report on Form 8-K dated May 14, 2009 and incorporated herein by reference.                                                                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                           |
| 10.20  |   | Aristocrat Master Supply Agreement with Wells-Gardner Electronics Corporation dated October 13, 2010 filed as part of the Company's Annual Report on Form 10-K for the year ended December 31, 2010 and incorporated herein by reference.                                                                                                                      |
|   |   |                                                                                                                                                                                                                                                                                                                                                           |
| 13.0*  |   | Company’s Annual Report to Shareholders for the year ended December 31, 2011.                                                                                                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                           |
| 14.0   |   | Wells-Gardner Code of Business Conduct and Ethics filed as Exhibit 14.0 of the Company's Annual Report on Form 10-K for the year ended December 31, 2008 and incorporated herein by reference.                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                           |
| 23.0*  |   | Consent of Blackman Kallick LLP.                                                                                                                                                                                                                                                                                                                               |
|   |   |
| 31.1   |   | Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                       |
|   |   |
| 31.2   |   | Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                       |
|   |   |
| 32.1*  |   | Statement of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                           |

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SIGNATURES

|   |   |               |   |   |   |                                          |   |   |   |             |
|--------|--------|--------------------|--------|--------|--------|-----------------------------------------------|--------|--------|--------|------------------|
| By:    |   | /s/ ANTHONY SPIER  |   |   |   | Chairman of the Board, President              |   |   |   |             |
|   |   | Anthony Spier      |   |   |   | & Chief Executive Officer                 |   |   |   | October 29, 2012 |
|   |   |               |   |   |   |                                          |   |   |   |             |
|   |   | /s/ JAMES F. BRACE |   |   |   | Executive Vice President,Secretary, Treasurer |   |   |   |             |
|   |   | James F. Brace     |   |   |   | & Chief Financial Officer                 |   |   |   |             |
|   |   |               |   |   |   | (Principal Accounting Officer)                |   |   |   | October 29, 2012 |

|                   |   |   |   |                             |   |   |   |             |
|------------------------|--------|--------|--------|----------------------------------|--------|--------|--------|------------------|
| /s/ ANTHONY SPIER      |   |   |   | Chairman of the Board, President |   |   |   |             |
|   Anthony Spier   |   |   |   | & Chief Executive Officer    |   |   |   | October 29, 2012 |
|                   |   |   |   |                             |   |   |   |             |
| /s/ MERLE BANTA        |   |   |   |                             |   |   |   |             |
|   Merle Banta     |   |   |   | Director                         |   |   |   | October 29, 2012 |
|                   |   |   |   |                             |   |   |   |             |
| /s/ MARSHALL L. BURMAN |   |   |   |                             |   |   |   |             |
| Marshall L. Burman     |   |   |   | Director                         |   |   |   | October 29, 2012 |
|                   |   |   |   |                             |   |   |   |             |
| /s/ FRANK R. MARTIN    |   |   |   |                             |   |   |   |             |
|   Frank R. Martin |   |   |   | Director                         |   |   |   | October 29, 2012 |

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