Photo courtesy of Dragon*Con — A file photo from the parade in Downtown Atlanta.
ATLANTA — Even while sitting in the Gwinnett County jail, Ed Kramer has been bought out of his ownership role in the sci-fi convention he helped found.
Officials announced Monday that the board of directors and shareholders of Dragon Con/ACE, Inc., had agreed to merge into a new company called simply Dragon Con, Inc. In what they called a “cash-out merger,” the action means ownership of the internationally known convention will rest with five of its six founding owners.
All of them, that is, except for Kramer, who has faced (and battled) child molestation charges out of Gwinnett County for more than a decade.
“Edward Kramer, who has not had any role in managing or organizing the convention since 2000, was offered cash for his shares in the old company,” a news release said. “Financial terms of the transaction were not disclosed.”
Dragon*Con is held each Labor Day weekend in downtown Atlanta, and is considered “the largest pop culture convention featuring comics, film, television, costuming, art, music and gaming.” It attracted more than 50,000 visitors last year.
The merger, the result of years of efforts by the convention to disassociate itself from Kramer, was effective Monday.
“This decision only affects the ownership of the old Dragon Con,” president and CEO Pat Henry said. “Our members and others who attend Dragon*Con 2013 will experience the same fantastic convention they have come to expect from us.”