Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective January 8, 2007, the Employment Agreements dated December 19, 2006 for James P.
Bouchard, Chairman and CEO of Wheeling-Pittsburgh Corporation (the “Company”) and Craig T.
Bouchard, Vice-Chairman and President of the Company were amended with respect to the grants of
stock issued in connection with their annual base compensation for the period commencing January 1,
2007 through December 31, 2008. Each amendment provides that restricted stock will be granted on
January 9, 2007 for the 24-month period from January 1, 2007 through December 31, 2008 based on
each employee’s annual base salary for such period. The valuation of such restricted stock was
based upon the closing price of the Company’s common stock as of January 8, 2007. The restrictions
will lapse in equal portions on the end of each quarter in arrears if the employee is employed on
the last day of the quarter except to the extent that the employee is involuntarily terminated
without cause or terminates his employment for good reason, a pro rata lapse of restrictions shall
be made for the time period between the end of the previous quarter and the date of the
termination.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly
authorized.
| WHEELING-PITTSBURGH CORPORATION |
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| By: | /s/ David A. Luptak |
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Dated: January 12, 2007
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Executive Vice President |
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