UNITED STATES
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 (Date of the earliest event reported)
December 23, 2005
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CompX International Inc.
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(Exact name of Registrant as specified in its charter)

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

5430 LBJ Freeway, Suite 1700, Dallas, Texas                     75240-2697
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(Address of principal executive offices)                       (Zip Code)

Registrant's telephone number, including area code
(972) 448-1400
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(Former name or former address, if changed
since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2):

[   ]   Written communications pursuant to Rule 425 under the Securities Act 
(17 CFR 230.425)

[   ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
(17 CFR 240.14a-12)

[   ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the 
Exchange Act (17 CFR 240.14d-2(b))

[   ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the 
Exchange Act (17 CFR 240.13e-4(c))

Item 1.01      Entry into a Material Definitive Agreement.
Item 1.02      Termination of a Material Definitive Agreement.
Item 2.03      Creation  of a  Direct  Financial  Obligation  or an  Obligation
under an  Off-Balance  Sheet  Arrangement  of a Registrant.

On December  23, 2005,  the  registrant  entered  into a revolving  $50
million Credit Agreement dated as of the December 23, 2005 among the registrant,
the  lenders  who are or may become a party to the  agreement,  as lenders  (the
"Lenders"),   and  Wachovia  Bank,  National  Association,  a  national  banking
association,  as administrative  agent for the Lenders (the "Credit Agreement").
At the closing of the Credit  Agreement,  the  Lenders  consisted  of  Wachovia,
Comerica  Bank and  Compass  Bank.  Among  other  things,  the Credit  Agreement
provides for:

o        the termination and replacement of the former Credit Agreement dated as
of  January  22,  2003  among  the  registrant,  the  Lenders  and  the
Administrative  Agent (as amended by (i) the First  Amendment to Credit
Agreement  dated as of October 20, 2003,  (ii) the Second  Amendment to
Credit Agreement,  Waiver and Release of European Investment Collateral
dated  January  7,  2005,  and  (iii)  the  Third  Amendment  to Credit
Agreement dated October 31, 2005);

o        borrowings  under the Credit  Agreement  to bear  interest at a sliding
scale of basis points,  depending on the  registrant's  leverage ratio,
over  (depending  on the  type of  loan)  (i) the  higher  of the  rate
announced  publicly  from time to time by  Wachovia as its base rate or
the federal funds rate plus 0.5% or (ii) the London  interbank  offered
rate of interest;

o        the  registrant's  pledge  to the  Lenders  of 65% of the  stock of the
registrant's directly owned material foreign subsidiaries;

o        the registrant to satisfy certain customary financial covenants;

o        the  guaranty  by  certain  of  the  registrant's   material   domestic
subsidiaries  of  the   registrant's   obligations   under  the  Credit
Agreement; and

o        a maturity date of January 15, 2009.

On December 27, 2005, the registrant had not borrowed any amounts under
the Credit Agreement. Certain provisions contained in the Credit Agreement could
result in the acceleration of any indebtedness  borrowed thereunder prior to the
stated  maturity  for reasons  other than  defaults  from failing to comply with
customary  financial  covenants.  For example,  the Credit  Agreement allows the
Lenders to accelerate the maturity of the indebtedness  upon a change of control
(as defined) of the registrant.  The terms of the Credit  Agreement could result
in the acceleration of all or a portion of the  indebtedness  following the sale
of certain assets outside of the ordinary course of business.

The foregoing  discussion  of the Credit  Agreement is qualified in its
entirety by the specific provisions of such agreement, which will be included as
an exhibit to the  registrant's  Annual  Report on Form 10-K for the year ending
December 31, 2005.

SIGNATURE

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/ Darryl R. Halbert
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Darryl R. Halbert
Vice President, Chief Financial
Officer and Controller

Date:  December 27, 2005