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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
S C H E D U L E 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
ROUGE INDUSTRIES, INC.
----------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
779088103
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
filing on this form with respect to the subject class of securities, and for any
subsequent amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 4 Pages
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CUSIP NO. 779088 103 Page 2 of 4
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Worthington Industries, Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
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State of Delaware
5. SOLE VOTING POWER
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5,999,600
6. SHARED VOTING POWER
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-0-
7. SOLE DISPOSITIVE POWER
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5,999,600
8. SHARED DISPOSITIVE POWER
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-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
------------------------------------------------------------
5,999,600
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
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27.28%
12. TYPE OF REPORTING PERSON*
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CO
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CUSIP NO. 779088 103 Page 3 of 4
ITEM 1(a). NAME OF ISSUER
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Rouge Industries, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
- ---------- -----------------------------------------------
P. O. Box 1699, 3001 Miller Road, Dearborn, MI 48121-1699
ITEM 2(a). NAME OF PERSON FILING
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Worthington Industries, Inc.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
- ---------- -----------------------------------------------------------
1205 Dearborn Drive, Columbus, OH 43085-4769
ITEM 2(c). CITIZENSHIP
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Delaware
ITEM 2(d). TITLE OF CLASS OF SECURITIES
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Common Stock
ITEM 2(e). CUSIP
- ---------- -----
779088103
ITEM 3. Not Applicable
- -------
ITEM 4. OWNERSHIP.
- ------- ----------
Ownership is based on 21,990,619 total outstanding shares of
Common Stock at December 31, 1997
ITEM 4(a). AMOUNT BENEFICIALLY OWNED:
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5,999,600 shares beneficially owned.(1)
Item 4(b). Percent of Class
- ---------- ----------------
27.3%(2)
Item 4(c). Number of shares as to which such person has:
- ---------- ---------------------------------------------
(i) Sole power to vote or to direct the vote:
5,999,600 (see Footnote 1)
(ii) Shared power to vote or to direct the vote:
-0-
(iii) Sole power to dispose or to direct the disposition of:
5,999,600 (see Footnote 1)
(iv) Shared power to dispose or to direct the disposition of:
-0-
- --------
(1) Further divided into two classes: 422,000 shares of Class B Common Stock and
5,577,600 shares of Class A Common Stock
(2) This percentage is explained as 5.6% of the issued and outstanding shares of
Class B Common Stock and 38.7% of Class A Common Stock. The shares of Class B
Common Stock are convertible into shares of Class A Common Stock (i) at any time
in the discretion of the holder of such shares of Class B Common Stock or (ii)
automatically upon the transfer of shares of Class B Common Stock to other than
certain permitted transferees
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CUSIP NO. 779088 103 Page 4 of 4
Item 5. Ownership of Five Percent or Less of a Class:
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Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another
- ------- --------------------------------------------------------
Person.
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Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
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Acquired the Security Being Reported on by the Parent Holding
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Company
-------
Not Applicable
Item 8. Identification and Classification of Members of the Group
- ------- ---------------------------------------------------------
Not Applicable
Item 9. Notice of Dissolution of Group
- ------- ------------------------------
Not Applicable
Item 10. Certification
- -------- -------------
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete, and correct.
WORTHINGTON INDUSTRIES, INC.
DATED: February 9, 1998
By: /s/Dale T. Brinkman
---------------------------------
Dale T. Brinkman, Asst. Secretary
