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, 1996 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 FORM 11-K Commonwealth Aluminum Corporation Performance Sharing Plan for Salaried Employees and Performance Sharing Plan for Collectively Bargained Employees December 31, 1996 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, 1996 and 1995 Statements of Changes in Net Assets Available for Benefits with Fund Information for the years ended December 31, 1996 and 1995 Notes to Financial Statements Supplemental Schedules: Line 27a - Schedule of Assets Held for Investment Purposes, December 31, 1996 Line 27d - Schedule of Reportable Transactions for the year ended December 31, 1996 Page ---- Signature Page 3 Exhibit Index 4 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 25, 1997 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, 1996 and 1995, and for the years ended December 31, 1996 and 1995, 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, 1996 and 1995, and for the years ended December 31, 1996 and 1995, 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.