Bowl America has adopted the following Code of Ethics in
order to provide guidance for all persons employed by Bowl America
Incorporated. Please read this statement because you will be expected to comply
with it. It is not an employment contract and its issuance by Bowl America does
not create any contractual rights.
The cornerstone of our Code is adherence to the law. In
all matters connected with Bowl America’s operation, you will be expected to
observe all laws and regulations of both Federal and local governments. This
includes, but is not limited to, those:
Affecting the health and safety of your fellow employees and the public;
Affecting conditions of employment;
Affecting the treatment of customers and fellow workers;
Relating to honesty in our dealings both within the company and with
Relating to transactions in our securities and compliance with Securities
and Exchange Commission and American Stock Exchange disclosure requirements.
Conflicts of Interest
We all owe a duty to the company to advance its business
interests and are prohibited from taking personal advantage of business
opportunities in which Bowl America may be interested. While in the employ of
Bowl America, we may not operate outside businesses which compete with Bowl
America or accept employment with a competitor of Bowl America. We are
permitted to purchase items from Bowl America on the same basis as any other
members of the public subject only to our published employee discounts. We may
also be employed by a company that maintains a mutually beneficial business
relationship with Bowl America. However, any transactions resulting from such
employment must be approved by an officer of our company.
Laws are very complicated and you should not feel that
Bowl America is asking you to be a detective or an attorney. If you believe in
good faith that we should investigate items in any of the above areas, you
should discuss the matter with Cheryl Dragoo, Sr. Vice President & CFO, at 703
941 6300 ext. 221.
Any individual who is uncomfortable reporting such matters
to Ms. Dragoo may communicate directly with the Warren Braham, Chairman of the
Audit Committee, 21124 Cardinal Pond Terrace #216, Ashburn, VA 20147 who will
respond as promptly and discreetly as practicable. No retribution will be taken
against any employee for reporting a violation in good faith.