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 and Exchange Act of 1934
Date of Report (Date of earliest event reported): June 21,2005
BOWL AMERICA INCORPORATED
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(Exact Name of Registrant as Specified in Charter)
Maryland 1-7829 54-0646173
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(State or Other Jurisdiction) (Commission File Number) (I.R.S. Employer
Identification No.)
6446 Edsall Road , Alexandria, VA 22312
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(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: (703) 941-6300
Not Applicable
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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:
[__] 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.
On June 21, 2005, the Board of Directors of Bowl America Incorporated
(the "Company") approved a one-year extension of Leslie H. Goldberg's current
employment agreement, which expires at the end of the Corporation's current
fiscal year ending July 3, 2005, through July 2, 2006, the end of the
Corporation's next fiscal year. The terms of the renewal reflect a
continuation of the current provisions of Mr. Goldberg's employment agreement
which provide (i) for an annual salary of $102,000 with an annual bonus of 2%
of the Corporation's consolidated annual net income prior to income taxes, in
excess of $2.5 million, and (ii) that if Mr. Goldberg leaves the employ of the
Corporation at the termination of the agreement or becomes disabled during the
term thereof so that he cannot carry on his duties as President, he will act as
a consultant and will receive one-half the average of his three previous years
compensation for a term equal to the number of years that he had been President
of the Company. Mr. Goldberg has been President of the Company since 1977.
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 thereunto duly authorized.
BOWL AMERICA INCORPORATED
(Registrant)
Dated: June 23, 2005 By: Leslie H. Goldberg
President and Chief Executive Officer