SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

January 21, 2000
(Date of Report, date of earliest event reported)

COMPX INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)

Delaware                       1-13905                    57-0981653
(State or other                  (Commission                (IRS Employer
jurisdiction of                 File Number)               Identification
incorporation)                                                  No.)

16825 Northchase Drive, Suite 1200, Houston, Texas 77060
(Address of principal executive offices) (Zip Code)

(281) 423-3377
(Registrant's telephone number, including area code)

(Former name or address, if changed since last report)

Item 5:        Other Events

On January 21, 2000, the registrant,  CompX  International Inc., issued the
press release attached hereto as Exhibit 99.1,  which is incorporated  herein by
reference.

Item 7:  Financial Statements, Pro Forma Financial Information and Exhibits

(c)  Exhibit

Item No.        Exhibit Index
----------      ------------------------------------------

99.1            Press release dated January 21, 2000 issued by
CompX International Inc.

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 hereunto duly authorized.

COMPX INTERNATIONAL INC.
(Registrant)

By:  /s/ Andrew Louis
---------------------------
Andrew Louis,
Secretary

Date:  January 21, 2000

[LOGO GOES HERE]

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PRESS RELEASE

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FOR IMMEDIATE RELEASE: CONTACT:

CompX International Inc.                            John A. Miller
16825 Northchase Drive                              Chief Financial Officer
Houston, Texas 77060                                Tel.  281-423-3391

COMPX REPORTS INCREASED SALES AND OPERATING INCOME

HOUSTON, TEXAS . . . January 21, 2000 . . . CompX International Inc. (NYSE:
CIX)  announced  its fourth  quarter 1999 results and reported a 44% increase in
net sales and an 18% increase in  operating  income from the same quarter a year
ago. Net sales increased to $59.8 million in the fourth quarter of 1999 compared
to $41.6 million in the fourth quarter of 1998.  Operating  income  increased to
$11.3  million in the fourth  quarter of 1999  compared to  $9.6 million  in the
fourth  quarter  of 1998.  For the year  ended  December  31,  1999,  net  sales
increased  49% to $225.9  million and  operating  income  increased 18% to $40.1
million. The percentage increase in operating income for the year ended December
31, 1999 has been  adjusted to exclude a $3.3 million  non-recurring  charge for
stock awarded in connection with the Company's  initial public offering in March
1998.  Net income in the fourth  quarter of 1999 was $7.1  million,  or $.44 per
diluted share, compared to net income of $6.5 million, or $.40 per diluted share
for the same  quarter  a year  ago.  The $.40 per share  amount  for the  fourth
quarter  1998  included  $.02 per share of net  interest  income  compared to an
insignificant amount of net interest expense for the fourth quarter of 1999.

The increase in net sales for the fourth  quarter  versus a year ago is due
to increased demand for the Company's office  furniture  products,  market share
gains in slide products, and acquisitions. Excluding the effect of acquisitions,
and adjusting for the  additional  week in the fourth  quarter of 1998 under the
Company's 52 or 53 week fiscal  year,  net sales  increased  14% from the fourth
quarter of 1998 with slide and ergonomics net sales  increasing 21% and security
products net sales  increasing  5%.  Compared to the third quarter of 1999,  and
excluding the effect of acquisitions, net sales increased 6%.

For the year ended December 31, 1999,  excluding the effect of acquisitions
and adjusting for the additional  week in 1998 under the Company's 52 or 53 week
fiscal year,  slide and ergonomics net sales increased 7% and security  products
net sales increased 6% over the year ended December 31, 1998.

"Fourth quarter U.S. office  furniture  industry growth rates sustained the
gradual  improvement begun in the third quarter,  and CompX continued its strong
growth  in sales and  earnings.  Sales to  non-office  furniture  segments  also
continued to be strong,  especially for the computer and transportation industry
segments," said Joseph S. Compofelice, Chairman and Chief Executive Officer. Mr.
Compofelice also stated,  "We continue to be cautiously  optimistic about growth
in Europe in 2000."

CompX is a leading  manufacturer  of ergonomic  computer  support  systems,
precision ball bearing slides and security products.

Statements  in this  release  relating to matters  that are not  historical
facts  are   forward-looking   statements  based  on  management's   belief  and
assumptions using currently available information. Although the Company believes
the expectations reflected in such forward-looking statements are reasonable, it
cannot give any  assurances  that these  expectations  will prove to be correct.
Such statements,  by their nature,  involve  substantial risks and uncertainties
that could  significantly  impact  expected  results,  and actual future results
could differ materially from those described in such forward-looking statements.
While it is not possible to identify all factors,  the Company continues to face
many risks and  uncertainties.  Among the factors that could cause actual future
results to differ materially  include,  but are not limited to, general economic
and  political  conditions,   demand  for  office  furniture,  service  industry
employment levels,  competitive  products and prices, the introduction of tariff
or non-tariff trade barriers,  potential  difficulties in integrating  completed
acquisitions  and  other  risks  and  uncertainties  detailed  in the  Company's
Security  and  Exchange  Commission  filings.  Should one or more of these risks
materialize (or the  consequences of such a development  worsen),  or should the
underlying  assumptions prove incorrect,  actual results could differ materially
from those  forecast  or  expected.  The  Company  disclaims  any  intention  or
obligation to publicly update or revise such  statements  whether as a result of
new information, future events or otherwise.

********

COMPX  INTERNATIONAL INC.
SUMMARY OF CONSOLIDATED OPERATIONS
(In millions, except per share amounts)
(Unaudited)

Three months ended                    Years ended
-----------------------------     ------------------------------

December 31,                      December 31,
-----------------------------     ------------------------------

1998           1999               1998            1999
------------- ---------------     -------------- ---------------

Total net sales                                            $41.6      $  59.8              $ 152.1    $  225.9

Cost of sales                                               28.0         42.1                102.0       160.6
------------- ---------------     -------------- ---------------

Gross profit                                                13.6         17.7                 50.1        65.3

Selling, general and administrative                          4.0          6.4           (A)   19.5        25.2
------------- ---------------     -------------- ---------------

Operating income                                             9.6         11.3                 30.6        40.1

Interest expense                                              .1           .3                  1.1         1.5

Interest income                                               .7           .2                  2.3          .8

Other income (expense)                                        .1          (.1)                  .7         (.2)
------------- ---------------     -------------- ---------------

Income before income taxes                                  10.3         11.1                 32.5        39.2

Income tax expense                                           3.8          4.0                 12.0        14.1
------------- ---------------     -------------- ---------------

6.5          7.1                 20.5        25.1

Minority interest                                              -            -                   .2          .1
============= ===============     ============== ===============

Net income                                                  $6.5        $ 7.1                $20.7      $ 25.2
============= ===============     ============== ===============

Net income per diluted common share                        $0.40        $0.44                $1.37      $ 1.56
============= ===============     ============== ===============
Weighted average diluted common shares
outstanding                                                 16.2         16.1                 15.0        16.1
============= ===============     ============== ===============

(A)  Selling,  general  and  administrative  expense  for  the  year  ended
December 31, 1998  includes a $3.3 million  ($2.3  million  after-tax)
non-recurring   charge  for  stock  awarded  to  key   individuals  in
connection  with the Company's  initial public  offering.  Adjusted to
give  effect to the  Company's  initial  public  offering as if it had
occurred  on January 1, 1998 and to exclude  the  non-recurring  stock
award charge  discussed  above,  net income was $23.0  million and net
income  per  diluted  common  share was $1.42 on 16.2  million  shares
outstanding for the year ended December 31, 1998.