8-K

                       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


                                January 20, 2003
                Date of Report (Date of earliest event reported)


                             COX TECHNOLOGIES, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


       North Carolina                        0-08006                 86-0220617
(STATE OR OTHER JURISDICTION               (COMMISSION             (IRS EMPLOYER
      OF INCORPORATION)                 IDENTIFICATION NO.)         FILE NUMBER)


69 McAdenville Road, Belmont, North Carolina                          28012-2434
  (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                            (ZIP CODE)


        Registrant's telephone number, including area code (704) 825-8146


                                       N/A
          (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

ITEM 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE

On January 21, 2003, Cox Technologies, Inc. (the "Company") announced the
execution of a Stock Purchase Agreement (the "Agreement") dated January 20, 2003
between the Company and Technology Investors, LLC ("TI"), pursuant to which TI
has agreed to purchase 12,500,000 shares of the Company's common stock for a
price of $0.06 per share. The Agreement remains subject to approval of the
Company's shareholders at a special meeting of shareholders. The Board of
Directors fixed January 17, 2003 as the record date for the special meeting.

In its announcement, the Company indicated that two of the members of its Board
of Directors, Mr. Robert Voigt and Dr. George Pigott, had indicated their
intention to resign from the Board of Directors effective January 17, 2003. Both
Mr. Voigt and Dr. Pigott approved the Agreement and indicated that the proposed
transaction had no influence on their decision to submit their resignations.

A copy of the press release issued by the Company dated January 21, 2003, is
attached as an exhibit hereto and is hereby incorporated by reference.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

     (c) Exhibit 99.1 Text of Press Release dated January 21, 2003.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: The forward-looking statements made above and identified by the words
"expect," "should," "would" and "will" reflect the Company's reasonable
judgments with respect to future events and are subject to risks and
uncertainties that could cause actual results to differ materially from those in
the forward-looking statements. Such factors include but are not limited to
changes in tax laws, recessionary or expansive trends in the Company's markets,
inflation rates and regulations and laws which affect the Company's ability to
do business in its markets may also impact the outcome of the forward-looking
statements.

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                                    SIGNATURE

     Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                       COX TECHNOLOGIES, INC.


Date: January 21, 2003                 By: /s/ Jack G. Mason
                                           -------------------------------------
                                           Jack G. Mason
                                           Chief Financial Officer and Secretary

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EX-99.1

                                                                    Exhibit 99.1

                                          January 21, 2003

For more information contact:
Jack G. Mason
Chief Financial Officer and Secretary

FOR IMMEDIATE RELEASE

                   COX TECHNOLOGIES, INC. REPORTS AN AGREEMENT
             WITH TECHNOLOGY INVESTORS, LLC TO INVEST EQUITY CAPITAL

     Belmont, N.C. - Cox Technologies, Inc. (COXT.OB) (the "Company") reported
that on January 20, 2003, it entered into a Stock Purchase Agreement (the
"Agreement") with Technology Investors, LLC, a North Carolina limited liability
company ("Technology Investors"), pursuant to which Technology Investors has
agreed to purchase 12,500,000 shares of the Company's common stock for $0.06 per
share, for a total purchase price of $750,000. The Agreement remains subject to
shareholder approval at a special meeting of shareholders.

     Technology Investors is an affiliate of Mr. Brian D. Fletcher and Mr. Kurt
C. Reid, each of whom is an executive officer and a director of the Company.
After the issuance of the shares contemplated in this transaction, Technology
Investors, together with Messrs. Fletcher and Reid and their affiliates,
collectively will own and control beneficially an aggregate of 15,514,299 shares
of the Company's common stock, or approximately 37.9% of the Company's issued
and outstanding common stock, including 2,581,333 shares of the Company's common
stock that Technology Investors may obtain by converting its existing promissory
note.

     The Agreement was approved by the Special Committee of the Board of
Directors and by the full Board of Directors with Messrs. Fletcher and Reid
abstaining. The Special Committee, comprised entirely of outside directors, was
formed in May 2002 to investigate the Company's options in raising additional
capital through either a debt or equity financing transaction.

     Under existing arrangements with RBC Centura Bank, the Company's primary
lender, the Company must reduce the amount of principal outstanding under the
Centura loans to $1,215,000 by March 15, 2003. The Company plans to meet this
target balance by making normal monthly principal payments on Centura's loans,
applying $450,000 of the net proceeds from the sale of common stock to
Technology Investors, and applying funds anticipated to be received from the
purchaser of its oilfield subleases. If this target balance is obtained, Centura
has agreed to consolidate the Company's loans and amortize the remaining balance
over a fixed period of time not to exceed 42 months at a reduced rate of
interest. The balance of the net proceeds from this transaction will be used to
meet the working capital needs of the Company.

     The Board of Directors has fixed January 17, 2003 as the record date for
determination of shareholders entitled to notice of, and to vote at, the special
meeting of shareholders. It is anticipated that the special meeting of
shareholders will take place in the first or second week of March 2003. If the
Agreement is approved at the special meeting and all other conditions are met,
the sale of common stock under the Agreement will be consummated within five
business days after the special meeting.

     Following the approval of the Agreement by the Special Committee and the
Board of Directors, Mr. Robert D. Voigt and Dr. George M. Pigott, both directors
of the Company, informed the Board that they intended to resign from the Board
effective January 17, 2003. Mr. Voigt recently moved from North Carolina, and
informed the Board that he intended to resign following completion of the
Special Committee's work on the proposed offering. Dr. Pigott informed the Board
that, as a result of living on the West Coast and being unable to personally
attend Board meetings, he felt that the Company would be better served if it
could replace him with a local director who could be more active on the Board.
Both Mr. Voigt and Dr. Pigott voted to approve the Agreement and indicated that
the proposed transaction had no influence on their decision to submit their
resignations. Mr. Ben R. Rudisill, II, a director of the Company, has informed
the Board that he intends to continue serving on the Board. The Company intends
to recruit additional qualified independent directors to serve on the Board.

     Cox Technologies is engaged in the business of producing and distributing
transit temperature recording instruments, both domestically and
internationally. The Cox1 graphic recorder and the DataSource(R) and Tracer(R)
electronic data loggers are marketed under the trade name Cox Recorders and
produce a record that is documentary proof of temperature conditions.

     Statements contained in this document, which are not historical in nature,
are forward-looking within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are subject to risks and
uncertainties that may cause future results to differ materially from those set
forth in such forward-looking statements. Cox Technologies undertakes no
obligation to update forward-looking statements to reflect events or
circumstances after the date hereof. Such risks and uncertainties with respect
to Cox Technologies include, but are not limited to, its ability to successfully
implement internal performance goals, performance issues with suppliers,
regulatory issues, competition, the effect of weather on customers, exposure to
environmental issues and liabilities, variations in material costs and general
and specific economic conditions. From time to time, Cox Technologies may
include forward-looking statements in oral statements or other written
documents.