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 20,2006
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 20, 2006, 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 2, 2006, through July 1, 2007, 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,
dated June 28, 1999, 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 22, 2006 By: Leslie H. Goldberg
President and Chief Executive Officer