UNITED
STATES
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): March 19, 2008
Century
Aluminum Company
(Exact
name of registrant as specified in its charter)
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Delaware
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0-27918
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13-3070826
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(State
or other jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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2511
Garden Road
Building
A, Suite 200
Monterey,
California
(Address
of principal executive offices)
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93940
(Zip
Code)
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(831)
642-9300
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(Registrant's
telephone number, including area code)
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N/A
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(Former
name or former address, if changed since last
report)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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Item
5.02 Compensatory Arrangements of Certain Officers
(e) At a meeting held on
March 19, 2008, the Compensation Committee of the Board of Directors of Century
Aluminum Company (the "Company") determined vesting levels for performance share
units previously awarded to the following individuals under the Company's
Amended and Restated 1996 Stock Incentive Plan (the "1996 Plan") for the 2005 -
2007 performance program period: Logan W. Kruger, President and Chief Executive
Officer; Wayne R. Hale, Executive Vice President and Chief Operating Officer;
Michael A. Bless, Executive Vice President and Chief Financial Officer; Robert
R. Nielsen, Executive Vice President, General Counsel and Secretary; and Giulio
Casello, Senior Vice President – Business Development. Performance shares
are awarded by the Compensation Committee in accordance with established
guidelines and represent shares of the Company's common stock that, upon
vesting, are issued to the award recipient. The Committee set vesting
levels at 105%, resulting in performance share payouts in the following amounts:
Mr. Kruger, 17,425 shares; Mr. Hale, 4,937; Mr. Bless, 7,744 shares; Mr.
Nielsen, 6,776 shares; and Mr. Casello, 4,839 shares.
In
addition to the shares set forth above, the Committee awarded Mr. Kruger an
additional 4,236 shares of common stock.
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 thereunto
duly authorized.
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CENTURY
ALUMINUM COMPANY
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Date:
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March
25, 2008
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By:
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/s/ William J. Leatherberry |
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Name:
William J. Leatherberry
Title: Vice
President and Assistant General
Counsel
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