<PAGE>   1



                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM S-8

                             REGISTRATION STATEMENT
                                     Under
                           THE SECURITIES ACT OF 1933


                            PDG ENVIRONMENTAL, INC.
             (Exact name of registrant as specified in its charter)

                   DELAWARE                                  22-2677298
         (State or other jurisdiction of                  (I.R.S. Employer
          incorporation or organization)                 Identification No.)

  300 OXFORD DRIVE, MONROEVILLE, PENNSYLVANIA                   15146
      (Address of principal executive offices)                (Zip Code)

      AMENDED AND RESTATED INCENTIVE STOCK OPTION PLAN AS OF JUNE 25, 1991
                            (Full title of the plan)

                            Dulcia Maire, Secretary
                                300 Oxford Drive
                        Monroeville, Pennsylvania  15146
                    (Name and address of agent for service)

                                 (412) 856-2200
          Telephone number, including area code, of agent for service


                        CALCULATION OF REGISTRATION FEE

<TABLE>
<CAPTION>

 Title of                               Proposed          Proposed
securities           Amount              maximum           maximum         Amount of
  to be               to be           offering price       aggregate      registration
registered          registered          per share        offering price       fee
----------          ----------          ---------        --------------    ---------
<S>               <C>                    <C>                <C>             <C>
Common Stock       250,000 shares         $0.36              $90,000         $27.27

</TABLE>

<PAGE>   2

                                    PART II
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE

   The following documents, filed by the Corporation with the Securities and
Exchange Commission, are incorporated herein by reference:

   (a) Annual Report on Form 10-K, dated May 15, 1997, for the fiscal year
       ended January 31, 1997.

   (b) Quarterly Report on Form 10-QSB dated June 9, 1997 for the three months
       ended April 30, 1997.

   (c) Description of Common Stock of PDG Environmental, Inc. included in its
       Certificate of Incorporation, Certificate of Amendment to the Certificate
       of Incorporation and the Amended and Restated By-laws filed as Exhibits
       3.1, 3.2 and 3.3, respectively, to its Annual Report on Form 10-K for the
       year ended January 31, 1997.

ITEM 4.  DESCRIPTION OF SECURITIES

         Not applicable.

ITEM 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL

         Not applicable.

ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS

   At the Annual Meeting on June 25, 1991, the Corporation's stockholders
approved a Certificate of Amendment (the "Amendment") to the Corporation's
Certificate of Incorporation to provide for indemnification rights of
directors, officers, employees and agents as permitted by the Delaware General
Corporation Law ("DGCL") and to clarify the limitation of liability of the
Corporation's directors pursuant to the DGCL.  In addition, the Board of
Directors amended the By-Laws of the Corporation to provide for the
indemnification of the directors, officers, employees and agents of the
Corporation to the fullest extent permissible pursuant to Section 145 of the
DGCL.

   The Amendment provided additional protection to directors, officers and other
persons consistent with the indemnification provisions of Section 145 of the
DGCL.  As permitted by the DGCL, the Amendment provided that the Corporation
shall indemnify its directors and officers against expenses (including
attorneys' fees), judgments, fines and amounts paid in settlement in connection
with specified actions, suits or proceedings, whether civil, criminal,
administrative or investigative (other than an action by or in the right of the
Corporation -- a "derivative action"), if they acted in good faith and in a
manner they reasonably believed to be in or not opposed to the best interests of
the Corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe their conduct was unlawful.  A similar standard of
care is applicable in the case of derivative action, except that indemnification
only extends to expenses (including attorneys' fees) incurred in connection with
the defense or settlement of such an action and court approval is required
before there can be any indemnification where the person seeking indemnification
has been found to be liable to the Corporation.

   As further permitted by the DGCL, the Amendment provides that the
Corporation will pay the litigation expenses of a director or officer as they
are incurred.  Under the Amendment, directors and officers would be given
advance assurance that their litigation expenses will be paid by the
Corporation subject to their agreement to repay any such amounts if it is
ultimately determined that they are not entitled to be indemnified.


                                      II-1
<PAGE>   3
   The Amendment provides for indemnification only as authorized in the
specific case upon a determination that the person seeking indemnity has met
the applicable standard of conduct.  Said determination can be made by the
majority vote of disinterested members of the Board of Directors, by
independent legal counsel or by the stockholders.

   The indemnification requirements might have a significant adverse effect on
the Corporation and its stockholders in the event of a substantial judgment or
settlement with respect to a director or officer entitled to indemnification.

ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED

         Not applicable.

ITEM 8.  EXHIBITS

   The following exhibits have been filed as part of this registration
statement.

<TABLE>
<CAPTION>
                                                                                           Pages of
                                                                                          Sequential
                                  Exhibit Index                                        Numbering System
                                  -------------                                        ----------------
   <S>    <C>
   5.1    Opinion of Thorp, Reed & Armstrong, counsel for the Corporation
          as to the legality of the securities being registered.

   23.1    The consent of Ernst & Young, independent auditors.

   23.2   The consent of Thorp, Reed & Armstrong, counsel for the
          Corporation (Included in Exhibit 5.1)

   24.1   Power of Attorney of certain directors.

</TABLE>

ITEM 9.   UNDERTAKINGS

   (a)  The undersigned registrant hereby undertakes:

   (1)  To file, during any period in which offers or sales are being made, a
        post-effective amendment to this registration statement:

      (i)   To include any prospectus required by Section 10(a)(3) of the
            Securities Act of 1933;

      (ii)  To reflect in the prospectus any facts or events arising after the
            effective date of the registration statement (or the most recent
            post-effective amendment thereof) which, individually or in the
            aggregate, represent a fundamental change in the information set
            forth in the registration statement;

      (iii) To include any material information with respect to the plan of
            distribution not previously disclosed in the registration statement
            or any material change to such information in the registration
            statement;


      Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
      if the information required to be included in a post-effective amendment
      by those paragraphs is contained in periodic reports filed by the
      registrant pursuant to Section 13 or Section 15(d) of the Securities
      Exchange Act of 1934 that are incorporated by reference in the
      registration statement.


                                      II-2
<PAGE>   4
   (2)  That, for the purpose of determining any liability under the Securities
        Act of 1933, each such post-effective amendment shall be deemed to be a
        new registration statement relating to the securities offered therein,
        and the offering of such securities at that time shall be deemed to be
        the initial bona fide offering thereof.

   (3)  To remove from registration by means of a post-effective amendment any
        of the securities being registered which remain unsold at the
        termination of the offering.

   (4)  Insofar as indemnification for liabilities arising under the Securities
        Act of 1933 may be permitted to directors, officers and controlling
        persons of the registrant pursuant to the foregoing provisions, or
        otherwise, the registrant has been advised that in the opinion of the
        Securities and Exchange Commission such indemnification is against
        public policy as expressed in the Act and is, therefore, unenforceable.
        In the event that a claim for indemnification against such liabilities
        (other than the payment by the registrant of expenses incurred or paid
        by a director, officer or controlling person of the registrant in the
        successful defense of any action, suit or proceeding) is asserted by
        such director, officer or controlling person in connection with the
        securities being registered, the registrant will, unless in the opinion
        of its counsel the matter has been settled by controlling precedent,
        submit to a court of appropriate jurisdiction the question whether such
        indemnification by it is against public policy as expressed in the Act
        and will be governed by the final adjudication of such issue.





                                      II-3
<PAGE>   5
                                   SIGNATURES


Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Monroeville, State of Pennsylvania, on September 10,
1997.

                                      PDG ENVIRONMENTAL, INC.


                                      By /s/ John C. Regan
                                         ------------------------------------
                                         Chairman and Chief Executive Officer


Pursuant to the requirements of the Securities Act of 1933, this registration
statement has been signed by the following persons in the capacities and on the
date indicated.


<TABLE>
<CAPTION>
<S>                                                    <C>
/s/ John C. Regan                                       September 10, 1997
------------------------------------------
Chairman and Chief Executive Officer
(Principal Executive Officer and Director)


/s/ Richard A. Bendis                                   By /s/ John C. Regan
------------------------------------------                 ------------------------------------------
Director                                                   John C. Regan, Attorney-in-Fact
                                                           September 10, 1997


/s/ Edwin J. Kilpela                                    By /s/ John C. Regan
------------------------------------------                 ------------------------------------------
Director                                                   John C. Regan, Attorney-in-Fact
                                                           September 10, 1997


/s/ Edgar Berkey                                        By /s/ John C. Regan
------------------------------------------                 ------------------------------------------
Director                                                   John C. Regan, Attorney-in-Fact
                                                           September 10, 1997
</TABLE>


                                       II-4
[{"type": "S-8", "sequence": "1", "description": "PDG ENVIRONMENTAL, INC.", "secsgml_size_bytes": 12491}]
{"company-data": {"conformed-name": "PDG ENVIRONMENTAL INC", "cik": "0000771485", "assigned-sic": "4955", "irs-number": "222677298", "state-of-incorporation": "DE", "fiscal-year-end": "0131"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-35369", "film-number": "97678878"}, "business-address": {"street1": "300 OXFORD DR", "street2": "N PARK DR & BROWNING RD", "city": "MONROEVILLE", "state": "PA", "zip": "15146", "phone": "4128562200"}, "mail-address": {"street1": "300 OXFORD DRIVE", "city": "MONROEVILLE", "state": "PA", "zip": "15146"}, "former-company": [{"former-conformed-name": "ASBESTEC INDUSTRIES INC", "date-changed": "19901220"}, {"former-conformed-name": "APPLIED INDUSTRIES INC /UT", "date-changed": "19860223"}]}
1

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM S-8

                             REGISTRATION STATEMENT
                                     Under
                           THE SECURITIES ACT OF 1933

                            PDG ENVIRONMENTAL, INC.
             (Exact name of registrant as specified in its charter)

                   DELAWARE                                  22-2677298
         (State or other jurisdiction of                  (I.R.S. Employer
          incorporation or organization)                 Identification No.)

  300 OXFORD DRIVE, MONROEVILLE, PENNSYLVANIA                   15146
      (Address of principal executive offices)                (Zip Code)

      AMENDED AND RESTATED INCENTIVE STOCK OPTION PLAN AS OF JUNE 25, 1991
                            (Full title of the plan)

                            Dulcia Maire, Secretary
                                300 Oxford Drive
                        Monroeville, Pennsylvania  15146
                    (Name and address of agent for service)

                                 (412) 856-2200
          Telephone number, including area code, of agent for service

                        CALCULATION OF REGISTRATION FEE
Title of                               Proposed          Proposed
securities           Amount              maximum           maximum         Amount of
  to be               to be           offering price       aggregate      registration
registered          registered          per share        offering price       fee
----------          ----------          ---------        --------------    ---------
Common Stock       250,000 shares         $0.36              $90,000         $27.27
2

                                    PART II
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE

   The following documents, filed by the Corporation with the Securities and
Exchange Commission, are incorporated herein by reference:

   (a) Annual Report on Form 10-K, dated May 15, 1997, for the fiscal year
       ended January 31, 1997.

   (b) Quarterly Report on Form 10-QSB dated June 9, 1997 for the three months
       ended April 30, 1997.

   (c) Description of Common Stock of PDG Environmental, Inc. included in its
       Certificate of Incorporation, Certificate of Amendment to the Certificate
       of Incorporation and the Amended and Restated By-laws filed as Exhibits
       3.1, 3.2 and 3.3, respectively, to its Annual Report on Form 10-K for the
       year ended January 31, 1997.

ITEM 4.  DESCRIPTION OF SECURITIES

         Not applicable.

ITEM 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL

         Not applicable.

ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS

   At the Annual Meeting on June 25, 1991, the Corporation's stockholders
approved a Certificate of Amendment (the "Amendment") to the Corporation's
Certificate of Incorporation to provide for indemnification rights of
directors, officers, employees and agents as permitted by the Delaware General
Corporation Law ("DGCL") and to clarify the limitation of liability of the
Corporation's directors pursuant to the DGCL.  In addition, the Board of
Directors amended the By-Laws of the Corporation to provide for the
indemnification of the directors, officers, employees and agents of the
Corporation to the fullest extent permissible pursuant to Section 145 of the
DGCL.

   The Amendment provided additional protection to directors, officers and other
persons consistent with the indemnification provisions of Section 145 of the
DGCL.  As permitted by the DGCL, the Amendment provided that the Corporation
shall indemnify its directors and officers against expenses (including
attorneys' fees), judgments, fines and amounts paid in settlement in connection
with specified actions, suits or proceedings, whether civil, criminal,
administrative or investigative (other than an action by or in the right of the
Corporation -- a "derivative action"), if they acted in good faith and in a
manner they reasonably believed to be in or not opposed to the best interests of
the Corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe their conduct was unlawful.  A similar standard of
care is applicable in the case of derivative action, except that indemnification
only extends to expenses (including attorneys' fees) incurred in connection with
the defense or settlement of such an action and court approval is required
before there can be any indemnification where the person seeking indemnification
has been found to be liable to the Corporation.

   As further permitted by the DGCL, the Amendment provides that the
Corporation will pay the litigation expenses of a director or officer as they
are incurred.  Under the Amendment, directors and officers would be given
advance assurance that their litigation expenses will be paid by the
Corporation subject to their agreement to repay any such amounts if it is
ultimately determined that they are not entitled to be indemnified.

                                      II-1
3
   The Amendment provides for indemnification only as authorized in the
specific case upon a determination that the person seeking indemnity has met
the applicable standard of conduct.  Said determination can be made by the
majority vote of disinterested members of the Board of Directors, by
independent legal counsel or by the stockholders.

   The indemnification requirements might have a significant adverse effect on
the Corporation and its stockholders in the event of a substantial judgment or
settlement with respect to a director or officer entitled to indemnification.

ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED

         Not applicable.

ITEM 8.  EXHIBITS

   The following exhibits have been filed as part of this registration
statement.
Pages of
                                                                                          Sequential
                                  Exhibit Index                                        Numbering System
                                  -------------                                        ----------------
5.1    Opinion of Thorp, Reed & Armstrong, counsel for the Corporation
          as to the legality of the securities being registered.

   23.1    The consent of Ernst & Young, independent auditors.

   23.2   The consent of Thorp, Reed & Armstrong, counsel for the
          Corporation (Included in Exhibit 5.1)

   24.1   Power of Attorney of certain directors.
ITEM 9.   UNDERTAKINGS

   (a)  The undersigned registrant hereby undertakes:

   (1)  To file, during any period in which offers or sales are being made, a
        post-effective amendment to this registration statement:

      (i)   To include any prospectus required by Section 10(a)(3) of the
            Securities Act of 1933;

      (ii)  To reflect in the prospectus any facts or events arising after the
            effective date of the registration statement (or the most recent
            post-effective amendment thereof) which, individually or in the
            aggregate, represent a fundamental change in the information set
            forth in the registration statement;

      (iii) To include any material information with respect to the plan of
            distribution not previously disclosed in the registration statement
            or any material change to such information in the registration
            statement;

      Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
      if the information required to be included in a post-effective amendment
      by those paragraphs is contained in periodic reports filed by the
      registrant pursuant to Section 13 or Section 15(d) of the Securities
      Exchange Act of 1934 that are incorporated by reference in the
      registration statement.

                                      II-2
4
   (2)  That, for the purpose of determining any liability under the Securities
        Act of 1933, each such post-effective amendment shall be deemed to be a
        new registration statement relating to the securities offered therein,
        and the offering of such securities at that time shall be deemed to be
        the initial bona fide offering thereof.

   (3)  To remove from registration by means of a post-effective amendment any
        of the securities being registered which remain unsold at the
        termination of the offering.

   (4)  Insofar as indemnification for liabilities arising under the Securities
        Act of 1933 may be permitted to directors, officers and controlling
        persons of the registrant pursuant to the foregoing provisions, or
        otherwise, the registrant has been advised that in the opinion of the
        Securities and Exchange Commission such indemnification is against
        public policy as expressed in the Act and is, therefore, unenforceable.
        In the event that a claim for indemnification against such liabilities
        (other than the payment by the registrant of expenses incurred or paid
        by a director, officer or controlling person of the registrant in the
        successful defense of any action, suit or proceeding) is asserted by
        such director, officer or controlling person in connection with the
        securities being registered, the registrant will, unless in the opinion
        of its counsel the matter has been settled by controlling precedent,
        submit to a court of appropriate jurisdiction the question whether such
        indemnification by it is against public policy as expressed in the Act
        and will be governed by the final adjudication of such issue.

                                      II-3
5
                                   SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Monroeville, State of Pennsylvania, on September 10,
1997.

                                      PDG ENVIRONMENTAL, INC.

                                      By /s/ John C. Regan
                                         ------------------------------------
                                         Chairman and Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this registration
statement has been signed by the following persons in the capacities and on the
date indicated.
/s/ John C. Regan                                       September 10, 1997
------------------------------------------
Chairman and Chief Executive Officer
(Principal Executive Officer and Director)

/s/ Richard A. Bendis                                   By /s/ John C. Regan
------------------------------------------                 ------------------------------------------
Director                                                   John C. Regan, Attorney-in-Fact
                                                           September 10, 1997

/s/ Edwin J. Kilpela                                    By /s/ John C. Regan
------------------------------------------                 ------------------------------------------
Director                                                   John C. Regan, Attorney-in-Fact
                                                           September 10, 1997

/s/ Edgar Berkey                                        By /s/ John C. Regan
------------------------------------------                 ------------------------------------------
Director                                                   John C. Regan, Attorney-in-Fact
                                                           September 10, 1997
II-4