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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
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[x] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the year ended December 31, 1998
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
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A. Full title of the plan and the address of the plan, if
different from that of the issuer named below:
COMMONWEALTH INDUSTRIES, INC.
SAVINGS PLAN FOR SALARIED EMPLOYEES
AND COMMONWEALTH INDUSTRIES, INC.
PERFORMANCE SHARING PLAN FOR HOURLY EMPLOYEES
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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
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<PAGE>
FORM 11-K
Commonwealth Industries, Inc.
Savings Plan for Salaried Employees and
Commonwealth Industries, Inc. Performance Sharing Plan for Hourly Employees
December 31, 1998
The following financial statements and supplemental schedules of the Plans filed
as exhibits to this Form 11-K 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, 1998 and 1997
Statements of Changes in Net Assets Available for Benefits with Fund
Information for the years ended December 31, 1998 and 1997
Notes to Financial Statements
Supplemental Schedules:
Line 27a - Schedule of Assets Held for Investment Purposes, December 31,
1998
Line 27d - Schedule of Reportable Transactions for the year ended
December 31, 1998
Line 27e - Schedule of Nonexempt Transactions for the year ended
December 31, 1998
Page
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Signature Page 3
Exhibit Index 4
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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 Industries, Inc. Savings Plan for
Salaried Employees and Commonwealth Industries, Inc.
Performance Sharing Plan for Hourly Employees
By: /s/ Donald L. Marsh, Jr.
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Donald L. Marsh, Jr.
Executive Vice President, Chief Financial
Officer and Secretary
Commonwealth Industries, Inc. and a
member of Pension Administrative
Committee
Date: June 30, 1999
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Exhibit Index
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Exhibit
Number Description
- ------- -----------
13.1* Financial statements and supplemental schedules of the Commonwealth
Industries, Inc. Savings Plan for Salaried Employees as of December 31, 1998 and
1997, and for the years ended December 31, 1998 and 1997, including report of
independent accountants.
13.2* Financial statements and supplemental schedules of the Commonwealth
Industries, Inc. Performance Sharing Plan for Hourly Employees as of December
31, 1998 and 1997, and for the years ended December 31, 1998 and 1997, including
report of independent accountants.
23 Consent of PricewaterhouseCoopers LLP
* Exhibits 13.1 and 13.2 above are submitted in paper format on Form SE.
Exhibit 23
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Consent of Independent Accountants
We hereby consent to the incorporation by reference in the Registration
Statement of Commonwealth Industries, Inc. on Form S-8 (File No. 33-90292) of
our reports dated June 25, 1999, on our audits of the financial statements and
supplemental schedules of the Commonwealth Industries, Inc. Performance Sharing
Plan for Hourly Employees (formerly Commonwealth Aluminum Corporation
Performance Sharing Plan for Collectively Bargained Employees) and the
Commonwealth Industries, Inc. Savings Plan for Salaried Employees (formerly
Commonwealth Aluminum Corporation Performance Sharing Plan for Salaried
Employees) as of December 31, 1998 and 1997, and for the years ended December
31, 1998 and 1997, which reports are incorporated by reference in this Annual
Report on Form 11-K.
/s/ PricewaterhouseCoopers LLP
Louisville, Kentucky
June 30, 1999
