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 24, 2008
BOWL AMERICA INCORPORATED
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(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
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(Former name or former address, if changed since last report)
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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
On June 17, 2008, the Board of Directors of Bowl America Incorporated
(the "Company") approved a one-year extension of Leslie H. Goldberg's current
employment agreement dated June 28, 1999, which expires June 29, 2008, the end
of the Company's current fiscal year, through June 28, 2009, the end of the
Company's next fiscal year. The terms of the renewal reflect changes
requested by Mr. Goldberg in the current provisions of Mr. Goldberg's
employment agreement dated June 28,1999.
For his continued employment as President of the Company, Mr. Goldberg's
annual salary will be reduced from $102,000 to $76,000.
If Mr. Goldberg leaves the employ of the Company 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 ten (10)
years, a reduction from the prior contract which called for a term equal to
the number of years that he had been President of the Company.
His employment agreement will continue to include the provision providing for
an annual bonus of 2% of the Company's consolidated annual net income prior to
income taxes in excess of $2.5 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: June 24, 2008
Leslie H. Goldberg
President