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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 22, 2003
COMMONWEALTH INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 13-3245741
(State of incorporation) (I.R.S. Employer Identification No.)
500 West Jefferson Street
PNC Plaza -19th Floor
Louisville, Kentucky 40202-2823
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (502) 589-8100
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Item 9. Regulation FD Disclosure.
See the following press release, dated December 22, 2003, announcing that
Commonwealth Industries' Ohio facilities had signed a new three-year labor
contract:
NEWS RELEASE
Contact: Kim S. Knotts
Director of Investor Relations
(502) 588-8207
COMMONWEALTH INDUSTRIES' OHIO FACILITIES SIGN NEW THREE-YEAR LABOR CONTRACT
LOUISVILLE, Ky. (December 22, 2003) - Commonwealth Industries, Inc.
(NASDAQ/NM: CMIN) today announced announced that its employees represented by
the Glass, Molders, Pottery Workers International Union, Local 45B, ratified a
three-year collective bargaining agreement with Manufacturers Industrial
Relations Association (MIRA), an employer association representing the Company's
operations in Ohio. The agreement covers approximately 220 employees at the
Company's Uhrichsville, Ohio, Rolling Mill and its Bedford, Ohio, Coil Coating
Facility. The labor agreement will extend through December 31, 2006.
William R. Witherspoon, Vice President Aluminum Operations and President of
MIRA, said, "Given the uncertain economic times and the financial stress faced
by companies like Commonwealth in the aluminum industry, we are pleased to have
concluded these labor negotiations in such a successful manner. This agreement
benefits not only our employees, but also our customers, suppliers and the
communities in which we operate."
Commonwealth's President and Chief Executive Officer Mark V. Kaminski,
said, "The success we had in reaching this agreement is an indication of the
positive relationship that exists between the Company and our union represented
employees."
Commonwealth Industries is one of North America's leading manufacturers of
aluminum sheet for distributors and the transportation, construction and
consumer durables end-use markets. The Company has direct-chill casting
facilities in Kentucky and continuous casting mini-mills in Ohio and California.
Commonwealth also is a leading manufacturer of innovative electrical products
through its Alflex operations in California and North Carolina. For more
information about the Company, visit Commonwealth's website at
www.ciionline.com.
Certain statements set forth above, may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. All statements regarding the Company's and its subsidiaries' expected
future financial position, results of operations, cash flows, funds from
operations, dividends, financing plans, business strategy, budgets, projected
costs, capital expenditures, competitive positions and growth opportunities are
forward-looking statements. Such forward-looking statements are based on
management's current expectations and include known and unknown risks,
uncertainties and other factors, many of which the Company is unable to predict
or control, that may cause the Company's actual results or performance to
materially differ from any future results or performance expressed or implied by
such statements. Such factors may include, without limitation, the success of
the implementation of the Company-wide information system, the effect of global
economic conditions, the ability to achieve the level of cost savings or
productivity improvements anticipated by management, the effect (including
possible increases in the cost of doing business) resulting from war or
terrorist activities or political uncertainties, the ability to successfully
implement new marketing and sales strategies, the impact of competitive products
and pricing, product development and commercialization, availability and cost of
critical raw materials, the ability to effectively hedge the cost of raw
materials, capacity and supply constraints or difficulties, the success of the
Company in implementing its business strategy, and other risks as detailed in
the Company's various filings with the Securities and Exchange Commission.
END
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COMMONWEALTH INDUSTRIES, INC.
By /s/ Mark V. Kaminski
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Mark V. Kaminski
President and Chief Executive Officer
Date: December 22, 2003