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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K

		Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2001 or
		Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from      to

Commission File No. 0-13787

INTERMET CORPORATION
(Exact name of registrant as specified in its charter)

(248) 952-2500
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $0.10 par value
(Title of class)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]

Aggregate market value of the voting stock held by non-affiliates of the registrant as of February 25, 2002 was $115,173,230 based on $4.52 per share, the closing sale price of the common stock as quoted on the Nasdaq National Market. For purposes of determining the aggregate market value of the Registrant’s voting stock held by non-affiliates, shares held by all current directors and executive officers of the Registrant have been excluded. The exclusion of such shares is not intended to, and shall not, constitute a determination as to which persons or entities may be “affiliates” of the Registrant as defined by the Securities and Exchange Commission.

At February 25, 2002 there were 25,480,803 shares of common stock, $0.10 par value, outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant’s annual report to shareholders for the year ended December 31, 2001 are incorporated by reference into Parts I and II. Portions of the registrant’s definitive proxy statement for the 2001 annual meeting of shareholders to be held April 11, 2002 are incorporated by reference into Part III.

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Part I

Item 1. Business

General

INTERMET is one of the largest independent producers of ductile iron, aluminum, magnesium and zinc castings in the world. In addition, we provide machining and tooling related to our casting business along with a range of other products and services to the automotive and industrial markets. We specialize in the design and manufacture of highly engineered, cast metal automotive components for the global light truck, passenger car and heavy-duty vehicle markets. These products are used in vehicle powertrain, chassis, electronic components, brakes and other safety and structural parts.

INTERMET’s focus is to supply cast products to a broad array of automotive and industrial customers. These products require advanced technology and engineering. Original equipment manufacturers (“OEMs”) and Tier 1 and Tier 2 suppliers increasingly rely on their suppliers to design and engineer parts based on specific design parameters, including weight, size, cost and performance criteria. In addition, OEMs, Tier 1 and Tier 2 suppliers look to their suppliers to solve problems arising in the design and manufacturing processes. We believe that we are well positioned to benefit from these trends by providing a broad range of full-service capabilities, including advanced design and engineering, casting, machining and sub-assembly.

Our ferrous metals products include ductile iron and gray iron castings and their related machining operations. These castings include crankshafts, camshafts, steering knuckles, wheel spindles, differential cases, brake calipers and suspension control arms. Our light metals products include lost foam aluminum castings, pressure counter pressure castings, and aluminum, magnesium and zinc die-castings and their related machining operations. These castings include engine covers, fluid containing covers, brackets, instrument panel frames, connector housings, airbag controller enclosures and windshield wiper motor enclosures. We provide cast products used by more than 18 automotive OEMs and their leading suppliers throughout the world, including DaimlerChrysler, Ford, Delphi, Visteon, General Motors, PBR Automotive, TRW, Dana, BMW, Honda, Toyota, SMW and ZF.

During 2001, our ferrous metals segment had a total average casting capacity available of 654,000 tons, on a straight-time basis. Our capacity during 2001 was up from 2000 with Columbus plant capacity being fully on stream, New River plant being rebuilt, and Neunkirchen plant being brought back fully on-line. A discussion of these incidents is included in Management’s Discussion and Analysis and in the Notes to the Consolidated Financial Statements, which is furnished as Exhibit 13 to this report and incorporated herein by reference.

Our light metals segment had a total average straight time casting capacity available of 81,000 tons during 2001, which is greater than our ending capacity at December 31, 2000 and 1999, with the expansion of Stevensville for their pressure counter-pressure casting process. However, at year-end, our Alexander City Foundry was closed, which will effectively reduce light metal capacity 10,000 tons as we enter 2002.

Based on production, INTERMET’s casting facilities including tonnage in Europe operated at an average annual capacity of 69% in 2001, 106% in 2000, and 101% in 1999.

We believe that the market for ferrous and light metals segment’s castings is highly fragmented, with approximately 2,770 suppliers in the United States alone. We believe that our leadership in core markets positions us to capitalize on domestic and international consolidation and OEM outsourcing trends. These trends are driven, in part, by the OEMs’ strategy to lower costs and maintain quality by selectively awarding contracts to suppliers that have full service capabilities and a significant global presence.

Our castings are used primarily in light trucks and passenger cars, as well as in heavy trucks. Our castings also have municipal, marine and construction applications. We specialize in safety-related parts, critical to vehicle control, which meet our customers’ exacting metallurgical, dimensional and quality control standards. Examples of products manufactured for the automotive, light truck and heavy truck industries include brake and suspension parts, steering components, differential cases, camshafts, crankshafts, fluid containing covers, instrument panel frames and electronic enclosures.

We also manufacture precision-machined components for the automotive and industrial markets.

Insurance Update

The discussion of the accidents at our New River and Neunkirchen foundries are included in the Management’s Discussion and Analysis and in Note 15 to the Consolidated Financial Statements, which are furnished as Exhibit 13 to this report and incorporated herein by reference.

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Alexander City Shutdown

In October 2001, we announced plans to permanently close our Alexander City Foundry. Alexander City was included in the light metals segment. Closure occurred in December 2001. The discussion of the Alexander City shutdown is included in the Management’s Discussion and Analysis and in Note 4 to the Consolidated Financial Statements, which are included at Exhibit 13 and incorporated herein by reference.

Ironton Shutdown Update

In December 1999, we announced plans to permanently close our Ironton foundry. Ironton was included in the ferrous metals segment. Demolition was completed during the second quarter of 2001. See additional discussion in the Management’s Discussion and Analysis and in Note 4 to the Consolidated Financial Statements, which are included at Exhibit 13 and incorporated herein by reference.

Financial Information about Segments

The information contained in Note 2 to the Consolidated Financial Statements included in our annual report to shareholders, furnished as Exhibit 13 to this report, is incorporated herein by reference.

Products, Markets and Sales

We focus on value-added cast products, which we supply mainly to the automotive market. In 2001, 2000 and 1999 approximately 88.7%, 84.2%, and 86.4%, of our sales, respectively, were attributable to the automotive market. Within the automotive market, our products generally fall into four major categories, including:

•		Engine components such as camshafts, crankshafts, bedplates and aluminum intake manifolds
•		Transmission components such as differential cases, pump bodies and gear blanks
•		Chassis components such as steering knuckles, control arms, steering gear housings, brake housings and supports, spindle carriers and damper forks
•		Axle components such as differential cases and carriers, bearing caps, hubs, drums, spring seats and driveline yokes

INTERMET also manufactures a variety of products for the industrial and appliance markets. In 2001, 2000, and 1999 approximately 11.3%, 15.8%, and 13.6% of our sales, respectively, were attributable to the industrial and appliance markets.

Reportable segment sales by market for 2001 are as follows:

Reportable segment sales by market for 2000 are as follows:

Reportable segment sales by market for 1999 are as follows:

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INTERMET has a long-standing quality assurance program. All of our foundry facilities that supply the automotive industry have QS-9000 and ISO-9001 or ISO-9002 certification. In addition, many of our facilities have received quality awards from their customers during 2001, including, for example:

	•		2000 Toyota’s Certificate of Achievement — Delivery Performance at Palmyra
	•		2000 Toyota’s Certificate of Achievement — TMS Shipping at Palmyra
	•		2000 NADCA Safety Award at Jackson

We primarily market our products through our own sales and customer service staff. We use independent sales representatives in Europe and, to a limited degree, in the United States. INTERMET’s principal sales office is in Michigan. We produce primarily to customer order and do not maintain any significant inventory of finished goods not on order.

This sales staff acts as a liaison between our customers and our production personnel. Through the product engineering group, we offer assistance at the design stage of major casting programs. We employ quality assurance representatives and engineers who work with our customers’ manufacturing personnel to detect and avoid potential problems and to develop new product opportunities for us. In addition to working with our customers’ purchasing personnel, our product engineers frequently work closely with design engineers and other technical staff.

INTERMET supplies cast products to over 18 automotive OEMs, directly or through Tier 1 and Tier 2 suppliers. Our cast products are included on more than 200 vehicle models. Net sales to customers exceeding 10% of consolidated net sales, and other major customers, were as follows (as a percentage of consolidated net sales):

For 1999, Ford sales include sales to Ford Motor Company (8%) and Visteon Automotive Systems (8%). These sales are generated by the ferrous metals and the light metals segments. The loss of any of these customers or a substantial reduction in their purchases would have a material adverse effect on us. Our six largest customers accounted for approximately 57%, 54%, and 47% of consolidated net sales during 2001, 2000, and 1999, respectively.

Net sales by market were as follows (as a percentage of consolidated net sales):

Sales of ferrous metals castings were 461,000, 594,000, and 651,000 tons in 2001, 2000, and 1999, respectively. The decrease in tons sold in 2001 compared to 2000 is mainly due to the recession, the reduction in business due principally to the New River plant explosion, and the loss in market share by our largest customers. The decrease in tons sold in 2000 compared to 1999 was mainly the result of the accidents at New River and Neunkirchen foundries and the close of the Ironton facility at the end of 1999. Note that the result of these capacities being off-line for a portion of 2000 resulted in the ferrous segment running at 112% of straight time capacity.

Sales of light metals castings were 43,000, 51,000, and 15,000 tons in 2001, 2000, and 1999, respectively. The decrease in tons sold in 2001 compared to 2000 was due to the same factors as in the ferrous metals castings group. The increase in tons sold in 2000 over 1999 is principally attributable to the acquisition of Ganton and Diemakers in December of 1999.

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Design, Manufacturing and Machining

We have a technical center in Lynchburg, Virginia that provides advanced design and engineering services to customers. In addition, we provide technical support to all of our cast metals and machining plants worldwide. We furnish the customer with design support using their own computer-aided design and computer aided engineering languages and cast metal process simulation software. Our design and engineering teams assist the customer, when requested, in the initial stages of product creation and modification.

Our advanced capabilities include finite element analysis, design optimization, prototyping, modeling enhancements and testing. We use three-dimensional solid modeling software in conjunction with rapid prototype development, among other advanced computer aided design techniques, to assist our customers in the initial stages of product design and prototype creation. These techniques greatly enhance our design and flexibility. In addition, we can substantially reduce the time required to produce sample castings, depending on the complexity of the products. INTERMET’s goal is to continually improve product quality and performance. We also strive to reduce costs by offering new product solutions that reduce weight, use alternative materials or incorporate more efficient manufacturing processes. INTERMET’s product and manufacturing process development work includes the development of new products and processes that can broaden our overall product offerings and capabilities. We believe that our advanced design and engineering capabilities serve as a significant competitive advantage as our customers continue to outsource these critical activities to their suppliers.

Our ferrous metals segment produces ductile iron and gray iron castings. Ductile iron has greater strength and ductility than gray iron. Ductile iron’s use as a higher strength substitute for gray iron and a lower-cost substitute for steel has grown steadily. The ferrous metals cast production process involves melting steel scrap and pig iron in a cupola or an electric furnace, adding various alloys and pouring the molten metal into molds made primarily of sand. The molten metal cools and solidifies in the molds. The molds are then broken apart and the castings are removed.

Our light metals segment produces lost foam aluminum castings, aluminum, magnesium and zinc die-castings, and pressure counter pressure castings. Aluminum brings a lower weight alternative. Our castings range in size from small products weighing less than one pound to those weighing up to 100 pounds. The lost foam aluminum casting process utilizes exact polystyrene foam replicas of the desired castings, which are embedded in sand. The foam is evaporated and displaced by the hot metal and the casting is formed. Die casting is a metal component casting process in which molten aluminum, magnesium or zinc is introduced into metal dies and solidified. Pressure counter-pressure casting (PCPC), sometimes called low-pressure die casting, is a casting method in which molten metal, usually aluminum, is introduced into a permanent die cavity with low-pressure gas applied to the metal in a sealed furnace. Solidification of the metal is controlled by extensive cooling lines placed throughout the die cavity and by the precise application of pressure.

Customers usually specify the properties their castings are to embody, such as hardness and strength, and we determine how best to meet those specifications. Constant testing and monitoring of the casting process is necessary to maintain the quality and performance consistency of the castings. Electronic testing and monitoring equipment, including x-ray, radioisotopes, ultrasonic, magnetic-particle and spectroscopy, is used extensively in grading scrap metal, analyzing molten metal and testing castings. We also use testing equipment and procedures to provide particular tests for our castings as requested by customers.

Most castings require machining before they can be put to their ultimate use. This machining may include drilling, boring, milling, threading or cutting operations. Most customers provide their own machining for castings or have them machined by third parties. We operate two facilities that machine castings produced by us and by others. We also own a precision machining company in Elk Grove Village, Illinois. In addition, most of our light metals casting plants have machining integral in the casting operation. We also contract with other companies to machine castings that we produce, before the castings are shipped to customers.

Raw Materials

Steel scrap is the primary raw material INTERMET uses to manufacture ferrous metals castings. We purchase steel scrap from numerous sources, generally regional scrap brokers, using a combination of spot market purchases and contract commitments. We have no material long-term contractual commitments with any steel scrap supplier. The cost of steel scrap is subject to fluctuations. We have contractual arrangements with many of our major customers that allow us to adjust our casting prices to reflect such fluctuations. In periods of rapidly rising steel scrap prices, these adjustments will lag the current market price for steel scrap.

In producing light metals castings, the primary raw material we use is secondary aluminum ingot. The cost of aluminum ingot is subject to fluctuations. We have contractual arrangements with many of our major customers that allow us to adjust

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our casting prices to reflect such fluctuations. In periods of rapidly rising secondary aluminum prices, these adjustments will lag the current market price for secondary aluminum.

We have contractual arrangements with some of our suppliers, which expire at various times through 2003, for the purchase of various materials, other than steel scrap or secondary aluminum ingot, used in or during the manufacturing process. These contracts and our overall level of purchases provide some protection against price increases. Other than as noted above, we do not have specific arrangements in place to adjust casting prices for fluctuations in the prices of alloys and other materials.

Cyclicality and Seasonality

Although most of our products are generally not affected by year-to-year automotive style changes, model changes may have a significant impact on sales. In addition, the inherent cyclicality of the automotive industry has affected our sales and earnings during periods of slow economic growth or recession. Our third and fourth quarter sales are usually lower than first and second quarter sales due to plant closings by automakers for vacations and model changeovers.

Backlog

Most of INTERMET’s business involves supplying all or a stated portion of the customer’s annual requirements against blanket purchase orders. Customers typically issue firm releases and shipping schedules on a monthly basis. The lead-time and cost of commencing production of a particular casting tend to inhibit transfers of production from one foundry to another. Our backlog at any given time generally consists only of the orders that have been released for shipment.

Competition

INTERMET competes with many other foundries, both domestically and internationally. Some of these foundries are owned by major users of ferrous castings. For example, the three largest automobile manufacturers in North America, which are among our largest customers, operate their own foundries and have greater financial resources. However, they also purchase a significant amount of castings from INTERMET and others, and there is a trend toward increased outsourcing by the three largest automobile manufacturers in North America. Our castings also compete, to some degree, with malleable iron castings, other metal castings and steel forgings.

The machining industry is highly fragmented and competitive. As in the foundry industry, large purchasers of machined components often have significant in-house capabilities to perform their own machining work.

INTERMET competes primarily on the basis of product quality, engineering, service and price. We emphasize our ability to produce complex products in order to compete for value-added castings.

Research and Development

INTERMET conducts process and product development programs for both its ferrous metals and light metals segment products, principally at a separate research and development foundry in Lynchburg, Virginia. Current research and testing projects encompass both new manufacturing processes and product development. The research foundry has a self-contained melting and molding facility with extensive metallurgical, physical and chemical testing capabilities. The work on new manufacturing processes focuses on ways to lower costs and improve quality. Product development work includes projects to extend the performance range for existing iron castings such as austempering, which enhances the strength and toughness of iron. In addition, we are currently working to develop new materials, improve product manufacturing processes and improve characterization of material properties. We directly expensed $1.7 million, $1.5 million, and $1.0 million in 2001, 2000, and 1999, respectively, for research and development.

Employees

At February 25, 2002, we employed approximately 5,852 persons, including approximately 4,881 in North America. Of the persons employed in North America, approximately 4,013 were hourly manufacturing personnel and the remainder was clerical, sales and management personnel. We employed approximately 971 persons in Europe, approximately 821 of whom were hourly manufacturing personnel. We had 0 employees in Mexico.

Foreign and Domestic Operations and Export Sales

Revenues and identifiable assets for INTERMET’s foreign and domestic operations for 2001, 2000, and 1999 were as follows (in thousands of dollars):

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Executive Officers of the Registrant

Executive officers are elected by the board of directors annually at its meeting, which immediately follows the annual meeting of shareholders. An executive officer holds office until his or her successor is chosen and qualified, or until his or her death, resignation or removal.

The executive officers of INTERMET as of February 25, 2002 along with their ages and principal positions with INTERMET, are as follows:

Mr. Doddridge became Chairman of the Board and Chief Executive Officer of INTERMET in 1994. From November 1992 until November 1994, Mr. Doddridge was Vice Chairman and Chief Executive Officer of Magna International, Inc., a supplier of motor vehicle parts. From 1989 to 1992 he served as President of North American Operations of Dana Corporation, a motor vehicle parts manufacturer, and prior to that time he served as President of Hayes-Dana Inc., a subsidiary of Dana Corporation.

Ms. Christoph re-joined INTERMET as Vice President — Finance and Chief Financial Officer in June of 2001 after serving in the same position with The McClatchy Company, a newspaper publisher, from February 2000 to December 2000. Ms. Christoph left INTERMET in February 2000 to join Sacramento, California-based McClatchy. She originally joined INTERMET in 1995 from LNP Engineering Plastics, Inc., a subsidiary of Kawasaki Steel Corporation and served as INTERMET’s Vice President, Finance from 1995 to 2000. Prior to this, Ms. Christoph held financial and accounting management positions with Imperial Chemical Industries Americas (ICI), DuPont, Johnson & Johnson and Cummins Engine Company.

Mr. Heavin joined INTERMET as a Group Vice President in June of 2000. Prior to coming to INTERMET, Mr. Heavin was a Manufacturing Manager for Delphi Automotive Systems’ Energy and Chassis Division.

Mr. Miller joined INTERMET in July 1998 as Corporate General Counsel and was named Vice President and General Counsel in August 1999 and Secretary in 2000. He served as Vice President, General Counsel and Secretary at Libbey-Owens-Ford Co., an automotive parts supplier, from February 1987 to July 1998.

Mr. Ryan joined INTERMET in March of 2000 as the Executive Vice President — Operations. Prior to joining INTERMET, he was Vice President of Chassis Systems, North America for TRW. Mr. Ryan also served as the Vice President of North American Braking Systems for Lucas Varity and Vice President of Interior Operations for United Technologies Automotive prior to joining TRW. From 1981 through 1991, Mr. Ryan was with TRW Automotive during which he obtained the title General Manager of Automotive Products Remanufacturing. He started his career with Ford, advancing to Inspection Superintendent of North American Manufacturing prior to joining TRW Automotive.

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Mr. Ruff became Vice President — Technical Services of INTERMET in June 1999. During 2000, Mr. Ruff was promoted to Executive Vice President — Technical Services. Prior to joining INTERMET, he served in a variety of positions at CMI International and its successor company, Hayes Lemmerz International, Inc., both automotive parts suppliers. He served as President of North American Aluminum Wheels — Hayes Lemmerz International and as Corporate Vice President of Hayes Lemmerz International, Inc. from February 1999 to May 1999. He was the Chief Technical Officer, Executive Vice President and Director of CMI International, Inc. from February 1994 until Hayes-Lemmerz purchased CMI in January 1999.

Mr. Vine-Chatterton joined INTERMET in January 1999 as a Vice President of INTERMET and President of INTERMET Europe. Before coming to INTERMET, he was a divisional Finance Director of T&N PLC, UK, an automotive parts supplier, from June 1996. Mr. Vine-Chatterton was a divisional Finance Director of Caradon PLC, UK, an international supplier to building and home improvement industries, from January 1994 until 1996.

Mr. Graessle joined INTERMET in March 2001 as Vice President — Sales and Marketing. Before coming to INTERMET, Mr. Graessle was Vice President of the Lighting and Wiper Products Group at Federal Mogul Corporation following its acquisition of Cooper Automotive. Prior to that, he was with the Automotive Group of Cooper Industries for 9 years serving as Vice President of Sales and Marketing. Previous to Cooper, Terry was with Arvin Industries for 13 years, achieving the position of Sales Director.

Item 2. Properties

At December 31, 2001, INTERMET owned, operated or had an ownership interest in the following:

•		seven operational ductile iron foundries
•		two ductile and gray iron foundries
•		one lost foam aluminum foundry
•		two aluminum and zinc die-cast foundries
•		two aluminum die-cast foundries
•		two magnesium die-cast foundries
•		two precision-engineered, close tolerance aluminum die-cast foundries
•		two machining and assembly facilities
•		one precision machining facility
•		one research foundry
•		one technical center

The following provides information about INTERMET’s manufacturing locations and the types of products produced at each location:

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All of INTERMET’s manufacturing locations are owned, except for Frisby P.M.C., which is leased, and the Jackson Plant and Columbus Foundry, which are leased pursuant to a financing arrangement utilizing industrial revenue bonds.

INTERMET continually reviews the operation of its foundries and may occasionally close one or more on a permanent or temporary basis in response to its production needs and general business and economic conditions. In October 2001, INTERMET announced plans to permanently close its Alexander City foundry. The foundry is expected to be sold. In December 1999, INTERMET announced plans to permanently close its Ironton foundry. Demolition was completed during the second quarter of 2001. For further discussion of Alexander City and Ironton see “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Note 4 to the Consolidated Financial Statements, from INTERMET’s 2001 annual report to shareholders, which are furnished as Exhibit 13 to this report and incorporated herein by reference.

We own a research foundry and lease a technical center, both located in Lynchburg, Virginia. The technical center provides advanced design and engineering services to our customers. In addition, we provide technical support to all of our cast metals and machining plants worldwide. We also have a 50% equity interest in PortCast-Fundicao Nodular, S.A., an iron castings company in Porto, Portugal.

For information on secured debt, see Note 6 to the Consolidated Financial Statements included in INTERMET’s 2001 annual report to shareholders, which is furnished as Exhibit 13 and incorporated herein by reference.

Item 3. Legal Proceedings

Our foundry in Decatur, Illinois received a notice of violation dated June 11, 1998 issued by the Illinois Environmental Protection Agency (“IEPA”) in connection with an alleged improper disposal of a hazardous material at an off-site landfill. In addition, on or about March 22, 1999 we voluntarily notified the IEPA that some of the equipment located at our Havana, Illinois and Decatur, Illinois foundries had been constructed and was being operated without all of the required air permits. We promptly took all appropriate steps to remedy the hazardous material disposal, and we subsequently obtained the required permits. We have agreed with the IEPA to resolve these violations with the payment of a civil penalty of $115,000.

In May 1999, we voluntarily notified the Ohio Environmental Protection Agency (“OEPA”) of a breakdown in certain pollution control equipment at our Ironton, Ohio foundry. Due to an oversight, our notification was not considered timely under the applicable rules and regulations. The equipment was subsequently repaired and became operational until the Ironton facility was closed in March 2000. Although no notice of violation has been issued by OEPA with respect to this matter, it is possible that OEPA may pursue fines or penalties for this violation. Although we cannot predict the amount of any potential fines or penalties, we do not believe that they would be material to our business or financial condition.

In late December 2000 and early January 2001, our Radford, Virginia foundry disposed of certain material, composed primarily of dust collected from the cupola melter, in an off-site non-hazardous landfill in Radford, Virginia. Subsequent testing revealed that some portion of the material might have exceeded limits for hazardous waste. We immediately notified the landfill and the Virginia Department of Environmental Quality (“VDEQ”). We subsequently removed the material and disposed of it in an approved landfill. During the course of investigating this incident, we discovered that material exceeding hazardous waste limits might also have been disposed of in an on-site landfill at the Radford facility. On March 21, 2001, the VDEQ issued two notices of violation with respect to this matter. We have agreed with the VDEQ to pay a civil penalty of $211,800. A portion of the penalty equal to $134,550 will be satisfied by our agreement to implement certain environmental improvement projects at the Radford foundry during 2002. With respect to the material disposed of in the on-site landfill, we expect to enter into a Consent Order during 2002 with the U.S. EPA, which will require further investigation of the nature and extent of any hazardous waste disposal at the facility that could adversely affect groundwater, or that could otherwise adversely affect human health. It is possible that further fines or penalties could be assessed with respect to the on-site disposal. Although we cannot predict the amount of any potential fines or penalties, we do not believe that they would be material to our business or financial condition.

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INTERMET is also a party to a number of other legal proceedings in the ordinary course of its business. We do not believe that such other pending or threatened legal proceedings to which we are a party, or to which any of our property is subject, will have a material adverse effect on our consolidated financial position, results of operations or liquidity, taken as a whole.

See Note 8 to the Consolidated Financial Statements included in INTERMET’s 2001 annual report to shareholders, furnished as Exhibit 13 to this report and incorporated herein by reference.

Item 4. Submission of Matters to a Vote of Security Holders

No matters were submitted to a vote of security holders of INTERMET during the fourth quarter of the fiscal year covered by this report.

Part II

Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters

For the high and low stock prices for each of the calendar quarters for the last two years, see Note 13 to the Consolidated Financial Statements of INTERMET’s 2001 annual report to shareholders, furnished as Exhibit 13 to this report, and incorporated herein by reference.

INTERMET’s common stock, $0.10 par value, is traded on the Nasdaq National Market under the symbol “INMT” and had a closing price of $4.52 on February 25, 2002. Also on February 25, 2002, there were approximately 497 holders of record of INTERMET’s common stock.

During 2001, 2000, and 1999, INTERMET declared dividends of approximately $4.1 million each year, ($0.04 per share per quarter). During 2001, 2000 and 1999, INTERMET paid dividends of approximately $3.2 million, $4.1 million, and $4.1 million, respectively. Under some of our loan agreements, we are subject to restrictions on the payment of dividends. As of December 31, 2001, approximately $5.0 million, per fiscal year, of our retained earnings are available for the payment of dividends under those agreements. See Management’s Discussion and Analysis and Note 6 to the Consolidated Financial Statements included in Intermet’s 2001 annual report to shareholders, furnished as Exhibit 13 to this report and incorporated herein by reference.

INTERMET did not sell unregistered securities within the past three years.

Item 6. Selected Financial Data

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The information included under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” is incorporated by reference from INTERMET’s 2001 annual report to shareholders, which is furnished as Exhibit 13 to this report.

Item 7A. Quantitative and Qualitative Disclosures about Market Risks

The information included under the “Quantitative and Qualitative Disclosures about Market Risks” section of the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” is incorporated by reference from INTERMET’s 2001 annual report to shareholders, which is furnished as Exhibit 13 to this report.

Item 8. Financial Statements and Supplementary Data

The consolidated financial statements of INTERMET and the report of the independent auditors included in INTERMET’s 2001 annual report to shareholders, which are furnished as Exhibit 13 to this report and incorporated herein by reference.

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

None

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Part III

Item 10. Directors and Executive Officers of the Registrant

The information contained under the headings “Information about Nominees for Director” in INTERMET’s definitive proxy statement for its annual meeting of shareholders to be held April 11, 2002 is incorporated by reference into this filing. Pursuant to Instruction 3 to Paragraph (b) of Item 401 of Regulation S-K, information relating to the executive officers of INTERMET is included in Item 1 of this report.

Item 11. Executive Compensation

The information contained under the headings “Executive Compensation”, “Compensation of Directors”, “Employment Agreements and Change in Control Arrangements”, “Compensation Committee Report on Executive Compensation” and “Shareholder Return Performance Graph” in INTERMET’s definitive proxy statement for its annual meeting of shareholders to be held April 11, 2002 is incorporated by reference into this filing.

Item 12. Security Ownership of Certain Beneficial Owners and Management

The information contained under the heading “Voting Securities and Principal Holders” in INTERMET’s definitive proxy statement for its annual meeting of shareholders to be held April 11, 2002 is incorporated by reference into this filing.

Item 13. Certain Relationships and Related Transactions

The information contained under the heading “Relationships and Related Transactions” in INTERMET’s definitive proxy statement for its annual meeting of shareholders to be held April 11, 2002 is incorporated by reference into this filing.

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Part IV

Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K

(a)		1. Financial Statements
		The following consolidated financial statements of INTERMET and its subsidiaries contained in INTERMET’s 2001 annual report to shareholders, which is furnished as Exhibit 13 to this report, are incorporated herein by reference.

	•		Consolidated Statements of Operations for the Years Ended December 31, 2001, 2000, and 1999
	•		Consolidated Statements of Comprehensive Income for the Years Ended December 31, 2001, 2000, and 1999
	•		Consolidated Balance Sheets at December 31, 2001 and 2000
	•		Consolidated Statements of Cash Flows for the Years Ended December 31, 2001, 2000, and 1999
	•		Consolidated Statements of Shareholders’ Equity for the Years Ended December 31, 2001, 2000, and 1999
	•		Notes to Consolidated Financial Statements

2.

Financial Statement Schedules

	The following consolidated financial statement schedule for INTERMET is included as Item 14(d) of this filing:

Schedules I, III and IV, which are not filed, are omitted because the information required to be contained therein is disclosed elsewhere in the financial statements or the amounts involved are not sufficient to require submission.

Schedule II — Valuation and Qualifying Accounts

INTERMET Corporation
(Consolidated)
Schedule II
Valuation and Qualifying Accounts

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3.		Exhibits
		The following exhibits are filed with this report pursuant to Item 601 of Regulation S-K:

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	*		This instrument defines the rights of holders of long-term debt of INTERMET not being registered and the total amount of securities authorized under the instrument does not exceed ten percent of the total assets of INTERMET and its subsidiaries on a consolidated basis. This instrument is not being filed, but INTERMET will furnish a copy of this instrument to the Commission upon request.
	**		Management contract or compensatory plan or arrangement.
	(b)		INTERMET has not filed any reports on Form 8-K during the year 2001.
	(d)		INTERMET has filed as financial statement schedules to this report those financial statement schedules required by Regulation S-X, which are excluded from INTERMET’s 2001 annual report to shareholders by Rule 14a-3(b).

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Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, INTERMET has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below, as of February 26, 2002, by the following persons on behalf of INTERMET in the capacities indicated.

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