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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950152-01-000196.txt : 20010123
<SEC-HEADER>0000950152-01-000196.hdr.sgml : 20010123
ACCESSION NUMBER:		0000950152-01-000196
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20010110
ITEM INFORMATION:		
FILED AS OF DATE:		20010111

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIFCO INDUSTRIES INC
		CENTRAL INDEX KEY:			0000090168
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT ENGINES & ENGINE PARTS [3724]
		IRS NUMBER:				340553950
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-05978
		FILM NUMBER:		1507054

	BUSINESS ADDRESS:	
		STREET 1:		970 E 64TH ST
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44103
		BUSINESS PHONE:		2168818600

	MAIL ADDRESS:	
		STREET 1:		970 EAST 64TH STREET
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STEEL IMPROVEMENT & FORGE CO
		DATE OF NAME CHANGE:	19690520
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>l85909ae8-k.txt
<DESCRIPTION>SIFCO INDUSTRIES, INC.               FORM 8-K
<TEXT>

<PAGE>   1

                       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                  January 10, 2001
               -----------------------------------------------------------------

                     SIFCO Industries, Inc. and Subsidiaries
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

         Ohio                            1-5978              34-0553950
- -------------------------------------------------------------------------------
(State or other jurisdiction           (Commission          (IRS Employer
           incorporation)               File Number)        Identification No.)

           970 East 64Th Street, Cleveland, Ohio                    44103
- --------------------------------------------------------------------------------
         (Address of principal executive offices)                   (Zip Code)

Registrant's telephone number, including area code            (216) 881-8600
                                                   -----------------------------

                                      None
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)






                                       1
<PAGE>   2








ITEM 5.       OTHER EVENTS
- --------------------------

On May 2, 2000 the Board of Directors of the Company adopted an Audit Committee
charter. A copy of that charter is attached hereto as Exhibit 99.

                                   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, thereto duly authorized.

                             SIFCO INDUSTRIES, INC.
                                  (Registrant)

Date       January 10, 2001                        /s/ Jeffrey P. Gotschall
           ----------------                      --------------------------
                                                    Jeffrey P. Gotschall
                                                   Chief Executive Officer

Date       January 10, 2001                        /s/ Frank A. Cappello
           ----------------                      -----------------------
                                                    Frank A. Cappello
                                                 Vice President - Finance
                                               (Principal Accounting Officer)



                                       2

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>l85909aex99.txt
<DESCRIPTION>EXHIBIT 99
<TEXT>

<PAGE>   1


                                                                      EXHIBIT 99

                                 CHARTER FOR THE
                              SIFCO AUDIT COMMITTEE

The Audit Committee will consist of a minimum of three outside, independent
directors, all financially literate, at least one experienced in finance and
accounting. The independent auditors will be ultimately accountable to this
committee and the full board.

The Audit Committee will:

         -        Operate under a formal charter, which it will review and
                  assess annually.

         -        Select, subject to shareholder approval, evaluate and, if
                  necessary, replace the independent auditors.

         -        Discuss with the independent auditors the scope and
                  thoroughness of their examinations and review the costs
                  associated therewith.

         -        If requested by the independent auditors or by management,
                  review and discuss with management and with the auditors the
                  quarterly financial statements (10-Q) prior to their
                  submission to the SEC.

         -        Review and discuss with the independent auditors and with
                  management the audited annual financial statements prior to
                  their SEC submission or release, including in such discussion
                  specific consideration of the quality of the company's
                  accounting principles applied to its financial reporting.

         -        Review with the full board the results of the independent
                  auditors' examination, as well as the Audit Committee's
                  evaluation thereof.

         -        Recommend to the board the inclusion of the annual financial
                  statements in the annual report on Form 10-K.

         -        Ensure that the independent auditors state annually, in
                  writing, any other relationships that they have with the
                  Company; and determine if any such relationship might
                  interfere with the auditors' independence.

         -        Review the need for internal auditors and make appropriate
                  recommendations to the board.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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