| For the quarter ended June 30, 2009 | Commission file number 1-13905 |
|-------------------------------------|--------------------------------|

| COMPX INTERNATIONAL INC.                               |
|--------------------------------------------------------|
| (Exact name of Registrant as specified in its charter) |

|                                                             |   |                             |
|------------------------------------------------------------------|--------|----------------------------------|
| Delaware                                                         |   | 57-0981653                       |
| (State or other jurisdiction ofIncorporation or organization)    |   | (IRS EmployerIdentification No.) |
|                                                             |   |                             |
| 5430 LBJ Freeway, Suite 1700,Three Lincoln Centre, Dallas, Texas |   | 75240-2697                       |
| (Address of principal executive offices)                         |   | (Zip Code)                       |
|                                                             |   |                             |
| Registrant’s telephone number, including area code         |   | (972) 448-1400                   |
|                                                             |   |                             |

|   | * | The Registrant has not yet been phased into the interactive data requirements. |
|--------|---|--------------------------------------------------------------------------------|

----

| Part I.      FINANCIAL INFORMATION                                                                                                                                                                                                  |  Page  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|
|                                                                                                                                                                                                                                                         |             |
| Item 1.     Financial Statements                                                                                                                                                                                                         |             |
|                                                                                                                                                                                                                                                         |             |
| Condensed Consolidated Balance Sheets –  December 31, 2008 and June 30, 2009 (unaudited)                                                                                                                                                     |  3          |
|                                                                                                                                                                                                                                                         |             |
| Condensed Consolidated Statements of Operations -  Three and six months ended June 30, 2008 and 2009 (unaudited)                                                                                                                                   |  5          |
|                                                                                                                                                                                                                                                         |             |
| Condensed Consolidated Statements of Cash Flows -  Six months ended June 30, 2008 and 2009 (unaudited)                                                                                                                                             |  6          |
|                                                                                                                                                                                                                                                         |             |
| Condensed Consolidated Statement of Stockholders' Equity and  Comprehensive Loss –   Six months ended June 30, 2009 (unaudited)                                                                                               |   7    |
|                                                                                                                                                                                                                                                         |             |
| Notes to Condensed Consolidated Financial Statements (unaudited)                                                                                                                                                                                             | 8                |
|                                                                                                                                                                                                                                                         |             |
| Item 2.     Management's Discussion and Analysis of FinancialCondition and Results of Operations                                                                                                                                         |  13         |
|                                                                                                                                                                                                                                                         |             |
| Item 3.      Quantitative and Qualitative Disclosure About Market Risk                                                                                                                                                              | 22               |
|                                                                                                                                                                                                                                                         |             |
| Item 4.      Controls and Procedures                                                                                                                                                                                           | 22               |
|                                                                                                                                                                                                                                                         |             |
|                                                                                                                                                                                                                                                         |             |
| Part II.     OTHER INFORMATION                                                                                                                                                                                                           |             |
|                                                                                                                                                                                                                                                         |             |
| Item 1.      Legal Proceedings                                                                                                                                                                                                      | 23               |
|                                                                                                                                                                                                                                                         |             |
| Item 1A.   Risk Factors                                                                                                                                                                                                                            | 23               |
|                                                                                                                                                                                                                                                         |             |
| Item 2.      Unregistered Sale of Equity Securities and Use of Proceeds;                       Share Repurchases | 23               |
|                                                                                                                                                                                                                                                         |             |
| Item 4.     Submission of Matters to a Vote of Security Holders                                                                                                                                                                          | 23               |
|                                                                                                                                                                                                                                                         |             |
| Item 6.     Exhibits                                                                                                                                                                                                                     | 23               |
|                                                                                                                                                                                                                                                         |             |
|                                                                                                                                                                                                                                                         |             |
| Items 3 and 5 of Part II are omitted because there is no information to report.                                                                                                                                                                              |             |
|                                                                                                                                                                                                                                                         |             |

----

|            ASSETS |   | December 31, 2008 |    |   | June 30, 2009 |   |
|--------------------------------------------------------------------------|--------|------------------------|---------|--------|--------------------|--------|
|                                                                     |   |                   |    |   | (unaudited)        |   |
|                                                                     |   |                   |    |   |               |   |
| Current assets:                                                          |   |                   |    |   |               |   |
|   Cash and cash equivalents                                    |   | $                      | 14,411  |   |               | $      | 15,038 |   |
|   Accounts receivable, net                                     |   |                   | 16,837  |   |               |   | 14,291 |   |
|   Receivables from affiliates                                  |   |                   | 1,472   |   |               |   | 1,932 |   |
|   Inventories, net                                             |   |                   | 22,661  |   |               |   | 18,797 |   |
|   Prepaid expenses and other                                   |   |                   | 1,300   |   |               |   | 746 |   |
|   Deferred income taxes                                        |   |                   | 1,841   |   |               |   | 1,841 |   |
|   Refundable income taxes                                      |   |                   | 83      |   |               |   | 866 |   |
|   Current portion of interest and note receivable              |   |                   | 943     |   |               |   | - |   |
|                                                                     |   |                   |    |   |               |   |   |   |
|      Total current assets                       |   |                   | 59,548  |   |               |   | 53,511 |   |
|                                                                     |   |                   |    |   |               |   |   |   |
| Other assets:                                                            |   |                   |    |   |               |   |   |   |
|   Goodwill                                                     |   |                   | 30,827  |   |               |   | 30,856 |   |
|   Other intangible assets                                      |   |                   | 1,991   |   |               |   | 1,701 |   |
|   Assets held for sale                                         |   |                   | 3,517   |   |               |   | 2,800 |   |
|   Other assets                                                 |   |                   | 90      |   |               |   | 127 |   |
|                                                                     |   |                   |    |   |               |   |   |   |
|      Total other assets                         |   |                   | 36,425  |   |               |   | 35,484 |   |
|                                                                     |   |                   |    |   |               |   |   |   |
| Property and equipment:                                                  |   |                   |    |   |               |   |   |   |
|   Land                                                         |   |                   | 11,858  |   |               |   | 11,910 |   |
|   Buildings                                                    |   |                   | 36,642  |   |               |   | 37,995 |   |
|   Equipment                                                    |   |                   | 110,915 |   |               |   | 114,717 |   |
|   Construction in progress                                     |   |                   | 4,406   |   |               |   | 1,908 |   |
|                                                                     |   |                   | 163,821 |   |               |   | 166,530 |   |
|                                                                     |   |                   |    |   |               |   |   |   |
|   Less accumulated depreciation                                |   |                   | 96,392  |   |               |   | 101,176 |   |
|                                                                     |   |                   |    |   |               |   |   |   |
|      Net property and equipment                 |   |                   | 67,429  |   |               |   | 65,354 |   |
|                                                                     |   |                   |    |   |               |   |   |   |
|       Total assets                         |   | $                      | 163,402 |   |               | $      | 154,349 |   |
|                                                                     |   |                   |    |   |               |   |   |   |

----

| LIABILITIES AND STOCKHOLDERS' EQUITY                        |   | December 31, 2008 |    |   | June 30, 2009 |   |
|-------------------------------------------------------------|--------|------------------------|---------|--------|--------------------|--------|
|                                                        |   |                   |    |   | (unaudited)        |   |
| Current liabilities:                                        |   |                   |    |   |               |   |
|   Current maturities of note payable to affiliate |   | $                      | 1,000   |   |               | $      | 1,000 |   |
|   Accounts payable and accrued liabilities        |   |                   | 14,256  |   |               |   | 11,365 |   |
|   Interest payable to affiliate                   |   |                   | 528     |   |               |   | 227 |   |
|   Income taxes payable to affiliates and other    |   |                   | 20      |   |               |   | 144 |   |
|   Income taxes                                    |   |                   | 1,167   |   |               |   | 485 |   |
|                                                        |   |                   |    |   |               |   |   |   |
|      Total current liabilities     |   |                   | 16,971  |   |               |   | 13,221 |   |
|                                                        |   |                   |    |   |               |   |   |   |
| Noncurrent liabilities:                                     |   |                   |    |   |               |   |   |   |
|   Note payable to affiliate                       |   |                   | 41,980  |   |               |   | 41,230 |   |
|   Deferred income taxes and other                 |   |                   | 13,174  |   |               |   | 13,310 |   |
|                                                        |   |                   |    |   |               |   |   |   |
|      Total noncurrent liabilities  |   |                   | 55,154  |   |               |   | 54,540 |   |
|                                                        |   |                   |    |   |               |   |   |   |
| Stockholders' equity:                                       |   |                   |    |   |               |   |   |   |
|   Preferred stock                                 |   |                   | -       |   |               |   | - |   |
|   Class A common stock                            |   |                   | 24      |   |               |   | 24 |   |
|   Class B common stock                            |   |                   | 100     |   |               |   | 100 |   |
|   Additional paid-in capital                      |   |                   | 54,873  |   |               |   | 54,928 |   |
|   Retained earnings                               |   |                   | 27,798  |   |               |   | 22,540 |   |
|   Accumulated other comprehensive income          |   |                   | 8,482   |   |               |   | 8,996 |   |
|                                                        |   |                   |    |   |               |   |   |   |
|      Total stockholders' equity    |   |                   | 91,277  |   |               |   | 86,588 |   |
|                                                        |   |                   |    |   |               |   |   |   |
| Total liabilities and stockholders’ equity            |   | $                      | 163,402 |   |               | $      | 154,349 |   |

----

|                                                                               |   | Three months ended |         |   | Six months ended     |   |
|------------------------------------------------------------------------------------|--------|--------------------|--------------|--------|----------------------|--------|
|                                                                               |   |   June 30,    |         |   |  June 30,  |   |
|                                                                               |   | 2008               |         |   | 2009                 |   |   | 2008 |   |   | 2009 |   |
|                                                                               |   | (unaudited)        |         |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |
| Net sales                                                                          |   | $                  | 43,708       |   |                 | $      | 29,239 |   |   | $ | 84,228 |   |   | $ | 57,715 |   |
| Cost of goods sold                                                                 |   |               | 32,726       |   |                 |   | 22,991 |   |   |   | 63,305 |   |   |   | 46,695 |   |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |
|     Gross margin                                               |   |               | 10,982       |   |                 |   | 6,248 |   |   |   | 20,923 |   |   |   | 11,020 |   |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expense                                        |   |               | 6,504        |   |                 |   | 6,452 |   |   |   | 12,908 |   |   |   | 12,130 |   |
| Assets held for sale write-down                                                    |   |               | -            |   |                 |   | 717 |   |   |   | - |   |   |   | 717 |   |
| Other operating expense, net                                                       |   |               | 11           |   |                 |   | 28 |   |   |   | 19 |   |   |   | 60 |   |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |
|     Operating income (loss)                                    |   |               | 4,467        |   |                 |   | (949 | ) |   |   | 7,996 |   |   |   | (1,887 | ) |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Other non-operating income, net                                                    |   |               | 24           |   |                 |   | 7 |   |   |   | 141 |   |   |   | 25 |   |
| Interest expense                                                                   |   |               | (504         | )      |                 |   | (293 | ) |   |   | (1,266 | ) |   |   | (616 | ) |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |
|     Income (loss) before income taxes                          |   |               | 3,987        |   |                 |   | (1,235 | ) |   |   | 6,871 |   |   |   | (2,478 | ) |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Provision (benefit) for income taxes                                               |   |               | 1,863        |   |                 |   | 352 |   |   |   | 3,186 |   |   |   | (311 | ) |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |
|     Net income (loss)                                          |   | $                  | 2,124        |   |                 | $      | (1,587 | ) |   | $ | 3,685 |   |   | $ | (2,167 | ) |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted earnings (loss) per common share                            |   | $                  |  .17    |   |                 | $      | (.13 | ) |   | $ |  .30 |   |   | $ | (.18 | ) |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Cash dividends per share                                                           |   | $                  | .125         |   |                 | $      | .125 |   |   | $ | .25 |   |   | $ | .25 |   |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Shares used in the calculation of basic and diluted earnings (loss) per share |   |               |  12,374 |   |                 |   |  12,365 |   |   |   |  12,410 |   |   |   |  12,363 |   |
|                                                                               |   |               |         |   |                 |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                          |   | Six months ended June 30, |   |
|-------------------------------------------------------------------------------|--------|--------------------------------|--------|
|                                                                          |   | 2008                           |   |   | 2009 |   |
|                                                                          |   | (unaudited)                    |   |
|                                                                          |   |                           |   |   |   |   |
| Cash flows from operating activities:                                         |   |                           |   |   |   |   |
|   Net income (loss)                                                 |   | $                              | 3,685  |   |   | $ | (2,167 | ) |
|   Depreciation and amortization                                     |   |                           | 4,677  |   |   |   | 4,217 |   |
|   Assets held for sale write-down                                   |   |                           | -      |   |   |   | 717 |   |
|   Deferred income taxes                                             |   |                           | (647   | ) |   |   | (157 | ) |
|   Other, net                                                        |   |                           | 496    |   |   |   | 733 |   |
|   Change in assets and liabilities:                                 |   |                           |   |   |   |   |   |   |
|     Accounts receivable, net                              |   |                           | 180    |   |   |   | 2,445 |   |
|     Inventories, net                                      |   |                           | (2,137 | ) |   |   | 3,634 |   |
|     Accounts payable and accrued liabilities              |   |                           | 84     |   |   |   | (3,397 | ) |
|     Accounts with affiliates                              |   |                           | (80    | ) |   |   | (337 | ) |
|     Income taxes                                          |   |                           | (5     | ) |   |   | (1,433 | ) |
|     Other, net                                            |   |                           | (895   | ) |   |   | 1,285 |   |
|                                                                          |   |                           |   |   |   |   |   |   |
|       Net cash provided by operating activities |   |                           | 5,358  |   |   |   | 5,540 |   |
|                                                                          |   |                           |   |   |   |   |   |   |
| Cash flows from investing activities:                                         |   |                           |   |   |   |   |   |   |
|   Capital expenditures                                              |   |                           | (3,431 | ) |   |   | (1,242 | ) |
|   Cash collected on note receivable                                 |   |                           | 1,306  |   |   |   | 261 |   |
|   Proceeds on disposal of asset held for sale                       |   |                           | 250    |   |   |   | - |   |
|                                                                          |   |                           |   |   |   |   |   |   |
|       Net cash used in investing activities     |   |                           | (1,875 | ) |   |   | (981 | ) |
|                                                                          |   |                           |   |   |   |   |   |   |
| Cash flows from financing activities:                                         |   |                           |   |   |   |   |   |   |
|   Principal payments on note payable to affiliate                   |   |                           | -      |   |   |   | (750 | ) |
|   Dividends paid                                                    |   |                           | (3,101 | ) |   |   | (3,091 | ) |
|   Treasury stock acquired                                           |   |                           | (1,006 | ) |   |   | - |   |
|   Other, net                                                        |   |                           | (56    | ) |   |   | (95 | ) |
|                                                                          |   |                           |   |   |   |   |   |   |
|       Net cash used in financing activities     |   |                           | (4,163 | ) |   |   | (3,936 | ) |
|                                                                          |   |                           |   |   |   |   |   |   |
| Cash and cash equivalents – net change from:                            |   |                           |   |   |   |   |   |   |
|   Operating, investing and financing activities                     |   |                           | (680   | ) |   |   | 623 |   |
|   Currency translation                                              |   |                           | 462    |   |   |   | 4 |   |
| Cash and cash equivalents at beginning of period                              |   |                           | 18,399 |   |   |   | 14,411 |   |
|                                                                          |   |                           |   |   |   |   |   |   |
| Cash and cash equivalents at end of period                                    |   | $                              | 18,181 |   |   | $ | 15,038 |   |
|                                                                          |   |                           |   |   |   |   |   |   |
| Supplemental disclosures – cash paid for:                               |   |                           |   |   |   |   |   |   |
|     Interest                                              |   | $                              | 1,305  |   |   | $ | 870 |   |
|     Income taxes, net                                     |   |                           | 4,096  |   |   |   | 1,628 |   |
|                                                                          |   |                           |   |   |   |   |   |   |
| Non-cash investing activities:                                                |   |                           |   |   |   |   |   |   |
|     Accrual for capital expenditures                      |   | $                              | 293    |   |   | $ | 136 |   |

----

|                                              |   |         |    |   | Additional |   |    |     |   |   | Accumulated other comprehensive income- |   |   | Total       |    |   |                |   |
|---------------------------------------------------|--------|--------------|---------|--------|------------|--------|---------|----------|--------|--------|-----------------------------------------|--------|--------|-------------|---------|--------|---------------------|--------|
|                                              |   | Common Stock |    |   | paid-in    |   |    | Retained |   |   | Currency                                |   |   | Hedging     |    |   | stockholders’ |   |   | Comprehensive |   |
|                                              |   | Class A      |    |   | Class B    |   |    | capital  |   |   | earnings                                |   |   | translation |    |   | derivatives         |   |   | equity |   |   | loss |   |
| (unaudited)                                       |   |
|                                              |   |         |    |   |       |   |    |     |   |   |                                    |   |   |        |    |   |                |   |   |   |   |   |   |   |
| Balance at December 31, 2008                      |   | $            | 24      |   |       | $      | 100     |     |   | $      | 54,873                                  |   |   | $           | 27,798  |   |                | $      | 8,356 |   |   | $ | 126 |   |   | $ | 91,277 |   |   |   |   |
|                                              |   |         |    |   |       |   |    |     |   |   |                                    |   |   |        |    |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                          |   |         | -       |   |       |   | -       |     |   |   | -                                       |   |   |        | (2,167  | )      |                |   | - |   |   |   | - |   |   |   | (2,167 | ) |   | $ | (2,167 | ) |
|                                              |   |         |    |   |       |   |    |     |   |   |                                    |   |   |        |    |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income   (loss),net |   |         |  - |   |       |   |  - |     |   |   |  -                                 |   |   |        |  - |   |                |   |  640 |   |   |   | (126 | ) |   |   |  514 |   |   |   |  514 |   |
|                                              |   |         |    |   |       |   |    |     |   |   |                                    |   |   |        |    |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of common stock                          |   |         | -       |   |       |   | -       |     |   |   | 55                                      |   |   |        | -       |   |                |   | - |   |   |   | - |   |   |   | 55 |   |   |   | - |   |
|                                              |   |         |    |   |       |   |    |     |   |   |                                    |   |   |        |    |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash dividends                                    |   |         | -       |   |       |   | -       |     |   |   | -                                       |   |   |        | (3,091  | )      |                |   | - |   |   |   | - |   |   |   | (3,091 | ) |   |   | - |   |
|                                              |   |         |    |   |       |   |    |     |   |   |                                    |   |   |        |    |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at June 30, 2009                          |   | $            | 24      |   |       | $      | 100     |     |   | $      | 54,928                                  |   |   | $           | 22,540  |   |                | $      | 8,996 |   |   | $ | - |   |   | $ | 86,588 |   |   |   |   |   |
|                                              |   |         |    |   |       |   |    |     |   |   |                                    |   |   |        |    |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive loss                                |   |         |    |   |       |   |    |     |   |   |                                    |   |   |        |    |   |                |   |   |   |   |   |   |   |   |   |   |   |   | $ | (1,653 | ) |

----

----

|                                                  |   | Three months ended |   |   | Six months ended |   |
|-------------------------------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                                                  |   | June 30,           |   |   | June 30,         |   |
|                                                  |   | 2008               |   |   | 2009             |   |   | 2008 |   |   | 2009 |   |
|                                                  |   | (In thousands)     |   |
| Net sales:                                            |   |               |   |   |             |   |   |   |   |   |   |   |
|   Security Products                         |   | $                  | 20,189 |   |             | $      | 15,430 |   |   | $ | 39,265 |   |   | $ | 30,712 |   |
|   Furniture Components                      |   |               | 19,731 |   |             |   | 11,694 |   |   |   | 37,484 |   |   |   | 23,589 |   |
|   Marine Components                         |   |               | 3,788  |   |             |   | 2,115 |   |   |   | 7,479 |   |   |   | 3,414 |   |
|                                                  |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
|     Total net sales               |   | $                  | 43,708 |   |             | $      | 29,239 |   |   | $ | 84,228 |   |   | $ | 57,715 |   |
|                                                  |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Operating income (loss):                              |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
|   Security Products                         |   | $                  | 3,357  |   |             | $      | 2,528 |   |   | $ | 6,596 |   |   | $ | 4,104 |   |
|   Furniture Components                      |   |               | 2,370  |   |             |   | (981 | ) |   |   | 3,795 |   |   |   | (1,001 | ) |
|   Marine Components                         |   |               | 165    |   |             |   | (439 | ) |   |   | 268 |   |   |   | (1,590 | ) |
|   Corporate operating expense               |   |               | (1,425 | )      |             |   | (2,057 | ) |   |   | (2,663 | ) |   |   | (3,400 | ) |
|                                                  |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
|     Total operating income (loss) |   |               | 4,467  |   |             |   | (949 | ) |   |   | 7,996 |   |   |   | (1,887 | ) |
|                                                  |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Other non-operating income, net                       |   |               | 24     |   |             |   | 7 |   |   |   | 141 |   |   |   | 25 |   |
| Interest expense                                      |   |               | (504   | )      |             |   | (293 | ) |   |   | (1,266 | ) |   |   | (616 | ) |
|                                                  |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
|   Income (loss) before income taxes         |   | $                  | 3,987  |   |             | $      | (1,235 | ) |   | $ | 6,871 |   |   | $ | (2,478 | ) |
|                                                  |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |

|                                         |   | December 31, 2008 |   |   | June 30, 2009 |   |
|----------------------------------------------|--------|------------------------|--------|--------|--------------------|--------|
|                                         |   | (In thousands)         |   |
|                                         |   |                   |   |   |               |   |
| Raw materials                                |   | $                      | 7,552  |   |               | $      | 6,471 |   |
| Work in progress                             |   |                   | 8,225  |   |               |   | 6,937 |   |
| Finished products                            |   |                   | 6,884  |   |               |   | 5,389 |   |
|                                         |   |                   |   |   |               |   |   |   |
|     Total inventory, net |   | $                      | 22,661 |   |               | $      | 18,797 |   |

----

|                                                                   |   | December 31, 2008 |   |   | June 30, 2009 |   |
|------------------------------------------------------------------------|--------|------------------------|--------|--------|--------------------|--------|
|                                                                   |   | (In thousands)         |   |
|                                                                   |   |                   |   |   |               |   |
| Accounts payable                                                       |   | $                      | 4,985  |   |               | $      | 3,425 |   |
| Accrued liabilities:                                                   |   |                   |   |   |               |   |   |   |
|   Employee benefits                                          |   |                   | 6,571  |   |               |   | 4,406 |   |
|   Customer tooling                                           |   |                   | 787    |   |               |   | 960 |   |
|   Taxes other than on income                                 |   |                   | 447    |   |               |   | 535 |   |
|   Insurance                                                  |   |                   | 458    |   |               |   | 477 |   |
|   Professional fees                                          |   |                   | 222    |   |               |   | 752 |   |
|   Other                                                      |   |                   | 786    |   |               |   | 810 |   |
|                                                                   |   |                   |   |   |               |   |   |   |
|     Total accounts payable and accrued liabilities |   | $                      | 14,256 |   |               | $      | 11,365 |   |

|                                                                                             |   | Six months ended June 30, |        |
|--------------------------------------------------------------------------------------------------|--------|--------------------------------|-------------|
|                                                                                             |   | 2008                           |        |   | 2009 |   |
|                                                                                             |   | (In thousands)                 |        |
|                                                                                             |   |                           |        |   |   |   |
| Expected tax expense (benefit), at the U.S. federal   statutory income tax rate of 35% |   | $                              |  2,405 |   |   | $ | (867 | ) |
| Non–U.S. tax rates                                                                         |   |                           | (116        | ) |   |   | 17 |   |
| Incremental U.S. tax on earnings of non-U.S. subsidiaries                                        |   |                           | 696         |   |   |   | 325 |   |
| State income taxes and other, net                                                                |   |                           | 201         |   |   |   | 214 |   |
|                                                                                             |   |                           |        |   |   |   |   |   |
|      Total provision for income taxes (benefit)                         |   | $                              | 3,186       |   |   | $ | (311 | ) |

----

----

----

|                                |   | Three months ended June 30, |   |
|-------------------------------------|--------|----------------------------------|--------|
|                                |   | 2008                             |   |   | % |   |   | 2009 |   |   | % |   |
|                                |   | (Dollars in thousands)           |   |
|                                |   |                             |   |   |   |   |   |   |   |   |   |   |
| Net sales                           |   | $                                | 43,708 |   |   |   | 100.0 | % |   | $ | 29,239 |   |   |   | 100.0 | % |
| Cost of goods sold                  |   |                             | 32,726 |   |   |   | 74.9 |   |   |   | 22,991 |   |   |   | 78.6 |   |
|                                |   |                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Gross margin            |   |                             | 10,982 |   |   |   | 25.1 |   |   |   | 6,248 |   |   |   | 21.4 |   |
|                                |   |                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating costs and expenses        |   |                             | 6,515  |   |   |   | 14.9 |   |   |   | 6,480 |   |   |   | 22.2 |   |
| Assets held for sale write-down     |   |                             | -      |   |   |   | - |   |   |   | 717 |   |   |   | 2.5 |   |
|                                |   |                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Operating income (loss) |   | $                                | 4,467  |   |   |   | 10.2 | % |   | $ | (949 | ) |   |   | (3.2 | )% |

|                                |   | Six months ended June 30, |   |
|-------------------------------------|--------|--------------------------------|--------|
|                                |   | 2008                           |   |   | % |   |   | 2009 |   |   | % |   |
|                                |   | (Dollars in thousands)         |   |
|                                |   |                           |   |   |   |   |   |   |   |   |   |   |
| Net sales                           |   | $                              | 84,228 |   |   |   | 100.0 | % |   | $ | 57,715 |   |   |   | 100.0 | % |
| Cost of goods sold                  |   |                           | 63,305 |   |   |   | 75.2 |   |   |   | 46,695 |   |   |   | 80.9 |   |
|                                |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Gross margin            |   |                           | 20,923 |   |   |   | 24.8 |   |   |   | 11,020 |   |   |   | 19.1 |   |
|                                |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating costs and expenses   |   |                           | 12,927 |   |   |   | 15.3 |   |   |   | 12,190 |   |   |   | 21.1 |   |
| Assets held for sale write-down     |   |                           | -      |   |   |   |  - |   |   |   | 717 |   |   |   | 1.2 |   |
|                                |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Operating income (loss) |   | $                              | 7,996  |   |   |   | 9.5 | % |   | $ | (1,887 | ) |   |   | (3.3 | )% |

----

|                       |   | Increase (decrease)                           |   |
|----------------------------|--------|-----------------------------------------------|--------|
|                       |   | Three months endedJune 30, 2009 vs. 2008 |   |   | Six months endedJune 30, 2009 vs. 2008 |   |
|                       |   | (In thousands)                                |   |
|                       |   |                                          |   |   |   |   |
| Impact on net sales        |   | $                                             | (354   | ) |   | $ | (947 | ) |
|                       |   |                                          |   |   |   |   |   |   |
| Impact on operating income |   |                                          | 618    |   |   |   | 1,306 |   |

----

----

|                                                                        |   | Three months ended June 30, |        |   |   |   |   | Six months ended June 30, |   |   |   |   |
|-----------------------------------------------------------------------------|--------|----------------------------------|-------------|--------|--------|--------|--------|--------------------------------|--------|--------|--------|--------|
|                                                                        |   | 2008                             |        |   | 2009   |   |   | % Change                       |   |   | 2008   |   |   | 2009 |   |   | % Change |   |
|                                                                        |   | (Dollars in thousands)           |        |
|                                                                        |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |
| Net sales:                                                                  |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |
|   Security Products                                               |   | $                                | 20,189      |   |   | $      | 15,430 |                           |   |   | (23.6  | )%     |   | $ | 39,265 |   |   | $ | 30,712 |   |   |   | (21.8 | )% |
|   Furniture Components                                            |   |                             | 19,731      |   |   |   | 11,694 |                           |   |   | (40.7  | )      |   |   | 37,484 |   |   |   | 23,589 |   |   |   | (37.1 | ) |
|   Marine Components                                               |   |                             | 3,788       |   |   |   | 2,115  |                           |   |   | (44.2  | )      |   |   | 7,479 |   |   |   | 3,414 |   |   |   | (54.4 | ) |
|                                                                        |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total net sales                                     |   | $                                | 43,708      |   |   | $      | 29,239 |                           |   |   | (33.1  | )%     |   | $ | 84,228 |   |   | $ | 57,715 |   |   |   | (31.5 | )% |
|                                                                        |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross margin:                                                               |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Security Products                                               |   | $                                | 5,660       |   |   | $      | 4,526  |                           |   |   | (20.0  | )%     |   | $ | 11,200 |   |   | $ | 8,275 |   |   |   | (26.1 | )% |
|   Furniture Components                                            |   |                             | 4,383       |   |   |   | 1,526  |                           |   |   | (65.2  | )      |   |   | 7,817 |   |   |   | 3,057 |   |   |   | (60.9 | ) |
|   Marine Components                                               |   |                             | 939         |   |   |   | 196    |                           |   |   | (79.1  | )      |   |   | 1,906 |   |   |   | (312 | ) |   |   | (116.4 | ) |
|                                                                        |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total gross margin                                  |   | $                                | 10,982      |   |   | $      | 6,248  |                           |   |   | (43.1  | )%     |   | $ | 20,923 |   |   | $ | 11,020 |   |   |   | (47.3 | )% |
|                                                                        |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating income (loss):                                                    |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Security Products                                               |   | $                                | 3,357       |   |   | $      | 2,528  |                           |   |   | (24.7  | )%     |   | $ | 6,596 |   |   | $ | 4,104 |   |   |   | (37.8 | )% |
|   Furniture Components                                            |   |                             | 2,370       |   |   |   | (981   | )                              |   |   | (141.4 | )      |   |   | 3,795 |   |   |   | (1,001 | ) |   |   | (126.4 | ) |
|   Marine Components                                               |   |                             | 165         |   |   |   | (439   | )                              |   | n.m.   |   |   |   | 268 |   |   |   | (1,590 | ) |   | n.m. |   |
|   Corporate operating expense                                     |   |                             | (1,425      | )      |   |   | (2,057 | )                              |   |   | (44.4  | )      |   |   | (2,663 | ) |   |   | (3,400 | ) |   |   | (27.7 | ) |
|                                                                        |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total operating income (loss)                  |   | $                                |  4,467 |   |   | $      | (949   | )                              |   |   | (121.2 | )%     |   | $ |  7,996 |   |   | $ | (1,887 | ) |   |   | (123.6 | )% |
|                                                                        |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross margin as a percentage of net sales:                             |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Security Products                                   |   |                             | 28.0        | %      |   |   | 29.3   | %                              |   |   |   |   |   |   | 28.5 | % |   |   | 26.9 | % |   |   |   |   |
|     Furniture Components                                |   |                             | 22.2        | %      |   |   | 13.0   | %                              |   |   |   |   |   |   | 20.9 | % |   |   | 13.0 | % |   |   |   |   |
|     Marine Components                                   |   |                             | 24.8        | %      |   |   | 9.3    | %                              |   |   |   |   |   |   | 25.5 | % |   |   | (9.1 | )% |   |   |   |   |
|                                                                        |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating income (loss) as a percentage of net   sales: |   |                             |        |   |   |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Security Products                                   |   |                             | 16.6        | %      |   |   | 16.4   | %                              |   |   |   |   |   |   | 16.8 | % |   |   | 13.4 | % |   |   |   |   |
|     Furniture Components                                |   |                             | 12.0        | %      |   |   | (8.4   | )%                             |   |   |   |   |   |   | 10.1 | % |   |   | (4.2 | )% |   |   |   |   |
|     Marine Components                                   |   |                             | 4.4         | %      |   |   | (20.8  | )%                             |   |   |   |   |   |   | 3.6 | % |   |   | (46.6 | )% |   |   |   |   |

----

----

----

| ·   | Lower operating income in 2009 of $9.2 million (exclusive of the non-cash $717,000 write-down on assets held-for-sale); |
|--------------------|-------------------------------------------------------------------------------------------------------------------------|

| ·   | Higher net cash provided by relative changes in our inventories, receivables, payables, and non-tax related accruals of $5.1 million in 2009; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Lower cash paid for income taxes in 2009 of $2.5 million due to lower earnings; and |
|--------------------|-------------------------------------------------------------------------------------|

| ·   | Lower cash paid for interest in 2009 of approximately $435,000 due to lower interest rates and a lower outstanding principle balance |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------|

|                          | December 31,                                                                                                     | June 30,                                                                                                               | December 31,                                                                                               | June 30,                                                                                 |
|-------------------------------|------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------|
|                          |           2007         |           2008          |          2008         |         2009       |
|                          |                                                                                                             |                                                                                                                   |                                                                                                       |                                                                                     |
| Days’ Sales Outstanding | 44 days                                                                                                          | 42 days                                                                                                                | 41 days                                                                                                    | 44 days                                                                                  |
| Days in Inventory             | 63 days                                                                                                          | 72 days                                                                                                                | 70 days                                                                                                    | 74 days                                                                                  |

----

----

| ·   | Future supply and demand for our products, |
|--------------------|--------------------------------------------|

| ·   | Changes in our raw material and other operating costs (such as steel and energy costs), |
|--------------------|-----------------------------------------------------------------------------------------|

| ·   | General global economic and political conditions (such as changes in the level of gross domestic product in various regions of the world), |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Demand for office furniture, |
|--------------------|------------------------------|

| ·   | Service industry employment levels, |
|--------------------|-------------------------------------|

| ·   | Demand for high performance marine components, |
|--------------------|------------------------------------------------|

| ·   | Competitive products and prices, including competition from lower-cost manufacturing sources (such as China), |
|--------------------|---------------------------------------------------------------------------------------------------------------|

| ·   | Substitute products, |
|--------------------|----------------------|

| ·   | Customer and competitor strategies, |
|--------------------|-------------------------------------|

| ·   | The introduction of trade barriers, |
|--------------------|-------------------------------------|

| ·   | The impact of pricing and production decisions, |
|--------------------|-------------------------------------------------|

| ·   | Fluctuations in the value of the U.S. dollar relative to other currencies (such as the Canadian dollar and New Taiwan dollar), |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------|

| ·   | Potential difficulties in integrating completed or future acquisitions, |
|--------------------|-------------------------------------------------------------------------|

| ·   | Decisions to sell operating assets other than in the ordinary course of business, |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | Uncertainties associated with the development of new product features, |
|--------------------|------------------------------------------------------------------------|

| ·   | Environmental matters (such as those requiring emission and discharge standards for existing and new facilities), |
|--------------------|-------------------------------------------------------------------------------------------------------------------|

| ·   | Our ability to comply with covenants contained in our revolving bank credit facility, |
|--------------------|---------------------------------------------------------------------------------------|

| ·   | The ultimate outcome of income tax audits, tax settlement initiatives or other tax matters, |
|--------------------|---------------------------------------------------------------------------------------------|

| ·   | The impact of current or future government regulations, |
|--------------------|---------------------------------------------------------|

| ·   | Current and future litigation, |
|--------------------|--------------------------------|

| ·   | Possible disruption of our business or increases in the cost of doing business resulting from terrorist activities or global conflicts, and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Operating interruptions (including, but not limited to labor disputes, leaks, natural disasters, fires, explosions, unscheduled or unplanned downtime and transportation interruptions). |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets, |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors, and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our Condensed Consolidated Financial Statements. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 31.1 | Certification |
|--------|------|---------------|

|   | 31.2 | Certification |
|--------|------|---------------|

|   | 32.1 | Certification |
|--------|------|---------------|

----

----