<PAGE>   1
 
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
 
                            ------------------------
 
                                    FORM 8-A
 
               For Registration of Certain Classes of Securities
                     Pursuant to Section 12(b) or 12(g) of
                      The Securities Exchange Act of 1934
 
                          KAISER ALUMINUM CORPORATION
             (Exact name of Registrant as specified in its charter)
 

<TABLE>
<S>                                           <C>
                   Delaware                                     94-3030279
           (State of incorporation                 (IRS Employer Identification Number)
               or organization)
         5847 San Felipe, Suite 2600                              77057
                Houston, Texas                                  (Zip Code)
   (Address of Principal Executive Offices)
</TABLE>

 
                    SECURITIES TO BE REGISTERED PURSUANT TO
                           SECTION 12(B) OF THE ACT:
 

<TABLE>
<CAPTION>
                                                          NAME OF EACH EXCHANGE
             TITLE OF EACH CLASS                           ON WHICH EACH CLASS
             TO BE SO REGISTERED                           IS TO BE REGISTERED
- --------------------------------------------------------------------------------------------
<S>                                           <C>
   Preferred Redeemable Increased Dividend               New York Stock Exchange
   Equity Securities, Convertible Preferred
       Stock, par value $.05 per share
         Common Stock, $.01 par value                    New York Stock Exchange
</TABLE>


<PAGE>   2
 
                 INFORMATION REQUIRED IN REGISTRATION STATEMENT
 
ITEM 1. DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED.
 
     A description of the Registrant's securities to be registered is contained
under the caption "Description of the PRIDES" in Amendment No. 1 to the
Registrant's Registration Statement on Form S-3 Registration No. 33-51391 (the
"Registration Statement"), as filed with the Securities and Exchange Commission
(the "Commission") on January 27, 1994, as the same may be amended, and
incorporated herein by reference.
 
ITEM 2. EXHIBITS.
 
1. Amendment No. 1 to the Registrant's Registration Statement, as filed with the
   Commission on January 27, 1994, as the same may be amended.
 
2. Form of Purchase Agreement, among the Registrant, Merrill Lynch, Pierce
   Fenner & Smith Incorporated, Bear Stearns & Co., Inc., Donaldson, Lufkin &
   Jenrette Securities Corporation, PaineWebber Incorporated and Salomon
   Brothers Inc (incorporated by reference to Exhibit 1.1 to Amendment No. 1 to
   the Registration Statement on Form S-3, dated January 27, 1994, filed by the
   Registrant, Registration No. 33-51391; the "Registrant's 1994 Registration
   Statement").
 
3. Form of Certificate of Designation of the PRIDES (incorporated by reference
   to Exhibit 4.13 to the Registrant's 1994 Registration Statement).

<PAGE>   3
 
                                   SIGNATURES
 
     Pursuant to the requirements of Section 12 of the Securities Exchange Act
of 1934, the registrant has duly caused this registration statement to be signed
on its behalf by the undersigned, thereto duly authorized.
 
Date: January 27, 1994
 
                                          KAISER ALUMINUM CORPORATION
 
                                          By: /s/ John T. La Duc
                                              Name: John T. La Duc
                                              Title:  Vice President and
                                                      Chief Financial Officer