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): December 5, 2006
BOWL AMERICA INCORPORATED
__________________________________________________
(Exact name of Registrant as specified in its charter)
MARYLAND 1-7829 54-0646173
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
6446 Edsall Road, Alexandria, VA 22312
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: (703) 941-6300
Not Applicable
-------------------------------------------------------------
(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 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of
Certain Officers.
(e) Compensatory Arrangements
Cheryl A. Dragoo. On December 5, 2006, the Board of Directors of Bowl America,
Inc. (the "Company") agreed to enter into a two-year extension of the employment
agreement with Cheryl A. Dragoo, Controller, Chief Financial Officer and
Assistant Treasurer of the Company. The new employment agreement will be
effective January 1, 2007, and will expire on December 31, 2008, and will
provide for a 4% annual increase in her salary, resulting in a salary of
$145,600 during 2007 and $151,424 in 2008.
Irvin Clark. On December 5, 2006, the Board of Directors of the Company
appointed Irvin Clark as Senior Vice President. He will continue his
responsibilities as General Manager. In addition, the Board approved the
entering into of an oral agreement with Mr. Clark providing for a one-
year extension of his employment and a 4% increase in his annual salary to
$187,200 for the year ending December 31, 2007.
Item 8.01. Other Events
On December 4, 2006,Bowl America Incorporated reached agreement to exchange its
Falls Church, Virginia, bowling center for a similarly sized bowling center
to be constructed elsewhere in Falls Church by Atlantic Realty Companies
Incorporated. Atlantic will raze the existing bowling center in order to
redevelop the property.
The existing bowling center was opened in January 1960. The new facility will
be patterned on Bowl America's recently opened center in Richmond, Virginia
and will have two levels of indoor parking.
The transaction is contingent on a variety of local approvals. The exchange
will only take place upon completion of the new center.
The Company expects that its net expenditures in connection with the
transaction will be less than $1 million.
SIGNATURES
Pursuant to the requirements of the Securities 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
Date: December 5, 2006
Leslie H. Goldberg
President