The President of the Academy stated, "We have received and accepted Mr. Will Smith's immediate resignation."
New Delhi: Will Smith submitted his resignation to the Academy on Friday, and it has since been accepted. David Rubin, the president of the Academy of Motion Picture Arts and Sciences, stated in a statement provided to PEOPLE on Friday, "The immediate resignation of Mr. Will Smith from the Academy of Motion Picture Arts and Sciences has been received and accepted. In advance of our upcoming board meeting on April 18, we will continue to pursue disciplinary action against Mr. Smith for transgressions of the Academy's Standards of Conduct."
In his resignation statement, which was covered by numerous media sites, Will Smith stated: "I immediately reacted to the Academy's notice of the disciplinary hearing, and I fully accept the repercussions for my actions. My behavior at the 94th Academy Awards ceremony was startling, agonizing, and unacceptable."
Smith said that Chris Rock, his family, numerous close friends, and the entire world's audiences are among the people he has harmed. He further stated that he has "betrayed the confidence of the Academy" and is "heartbroken." As a result, Will Smith continued, "I am withdrawing from membership in the Academy of Motion Picture Arts and Sciences, and I will accept whatever additional sanctions the Board deems appropriate."
For the uninitiated, Will Smith was not pleased when Chris Rock, who was presenting an award at the 94th Academy Awards, made a joke about his wife Jada Pinkett Smith's shaved head. When Smith later won the Best Actor award, he apologized for his actions by going up on stage and slapping Chris Rock.
Alopecia, a disorder that causes hair to fall out, affects Jada Pinkett Smith.