===============================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
---------
[x] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the year ended December 31, 1997
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ________ to ________
Commission File No. 0-25642
--------------
A. Full title of the plan and the address of the plan:
COMMONWEALTH ALUMINUM CORPORATION
PERFORMANCE SHARING PLAN FOR
SALARIED EMPLOYEES AND PERFORMANCE
SHARING PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES
--------------
B. Name of issuer of securities held pursuant to the plan and the address
of its principal executive office:
COMMONWEALTH INDUSTRIES, INC.
500 West Jefferson Street
19th Floor
Louisville, Kentucky 40202-2823
===============================================================================
<PAGE>
FORM 11-K
Commonwealth Aluminum Corporation
Performance Sharing Plan for Salaried Employees and
Performance Sharing Plan for Collectively Bargained Employees
December 31, 1997
The following financial statements and supplemental schedules of the Plan are
incorporated herein by reference and submitted in paper format on Form SE:
Financial Statements:
Statements of Net Assets Available for Benefits with Fund Information,
December 31, 1997 and 1996
Statements of Changes in Net Assets Available for Benefits with Fund
Information for the years ended December 31, 1997 and 1996
Notes to Financial Statements
Supplemental Schedules:
Line 27a - Schedule of Assets Held for Investment Purposes, December 31,
1997
Line 27d - Schedule of Reportable Transactions for the year ended December
31, 1997
Page
----
Signature Page 3
Exhibit Index 4
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Pension
Administrative Committee of Commonwealth Industries, Inc. has duly caused this
annual report to be signed on its behalf by the undersigned thereunto duly
authorized.
Commonwealth Aluminum Corporation Performance
Sharing Plan for Salaried Employees and
Performance Sharing Plan for Hourly Employees
By: /s/ Donald L. Marsh, Jr.
------------------------
Donald L. Marsh, Jr.
Executive Vice President, Chief Financial
Officer and Secretary
Commonwealth Industries, Inc. and a
member of Pension Administrative
Committee
Date: June 29, 1998
<PAGE>
Exhibit Index
-------------
Exhibit
Number Description
- ------- -----------
13.1 Financial statements and supplemental schedules of the Commonwealth
Aluminum Corporation Performance Sharing Plan for Salaried Employees as of
December 31, 1997 and 1996, and for the years ended December 31, 1997 and 1996,
including report of independent accountants.
13.2 Financial statements and supplemental schedules of the Commonwealth
Aluminum Corporation Performance Sharing Plan for Collectively Bargained
Employees as of December 31, 1997 and 1996, and for the years ended December 31,
1997 and 1996, including report of independent accountants.
23 Consent of Coopers & Lybrand L.L.P.
Exhibits 13.1 and 13.2 above are submitted in paper format on Form SE.
Exhibit 23
----------
Consent of Independent Accountants
We consent to the incorporation by reference in the registration statement of
Commonwealth Industries, Inc. on Form S-8 (File No. 33-90292) of our report
dated June 25, 1998, on our audits of the financial statements and supplemental
schedules of the Commonwealth Aluminum Corporation Performance Sharing Plan for
Collectively Bargained Employees and the Commonwealth Aluminum Corporation
Performance Sharing Plan for Salaried Employees as of December 31, 1997 and
1996, and for the years ended December 31, 1997 and 1996, which report is
incorporated by reference in this Annual Report on Form 11-K.
COOPERS & LYBRAND L.L.P.
Louisville, Kentucky
June 29, 1998
