Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v3.21.2
Related Party Transactions
 9 Months Ended
Sep. 30, 2021
Related Party Transactions [Abstract]  
Related Party Transactions Related Party TransactionsPrior to the closing of the Merger, Old LiveVox paid quarterly management fees plus reimbursement of expenses incurred on behalf of Old LiveVox to funds affiliated with Golden Gate Capital, its majority shareholder pre-Merger. During the three and nine months ended September 30, 2021, management fees and expense reimbursements were immaterial for both periods. As of September 30, 2021, there was no unpaid balance. During the three and nine months ended September 30, 2020, management fees totaled $0.1 million
and $0.4 million, respectively, and expense reimbursements were immaterial for both periods. As of December 31, 2020, there was no unpaid balance.
The Company pays monthly board of director fees plus reimbursement of expenses incurred on behalf of the Company to members of the Company’s board of directors. During the three and nine months ended September 30, 2021, board of director fees totaled $0.2 million and $0.5 million, respectively, and there were no expense reimbursements during either period. As discussed in Note 2, in connection with the Merger, the VCIP awards granted to the board of directors were liquidated, which resulted in $0 and $4.3 million expenses related to the board of directors for the three and nine months ended September 30, 2021, respectively. The Company also granted RSUs to directors under the 2021 Plan. During the three and nine months ended September 30, 2021, compensation expense relating to the RSU awards to the board of directors totaled $0.1 million for both periods. As of September 30, 2021, the unpaid balance of board of director fees due to related parties was $0.1 million. During the three and nine months ended September 30, 2020, board of director fees totaled $0.1 million and $0.4 million, respectively, and there were no expense reimbursements during either period. There were no expenses relating to the VCIP awards or the RSU awards granted to the board of directors in the three and nine months ended September 30, 2020. As of December 31, 2020, there was no unpaid balance of board of director fees due to related parties.
There were no related party accounts receivable as of September 30, 2021 and December 31, 2020.