After slapping presenter Chris Rock on stage, Will Smith resigns from the Academy.

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Will Smith announced in a statement that he has resigned from the Academy of Motion Pictures Arts and Sciences.

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"I am resigning from membership in the Academy of Motion Picture Arts & Sciences, and will accept-

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- any further consequences the Board deems appropriate." Will Smith said in statement.

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"Changes take time and i am committed to doing the work to ensure that I never again allow to overtake reason." Smith concluded.

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After the embarrassing episode at Sunday night's Oscars. The Academy announced..

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Academy announced that it had initiated disciplinary proceedings against Smith.

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The Academy president said that the Organization has received and accepted Smith's "immediate resignation."

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Disciplinary actions by the academy include suspension or expulsion along with other sanctions.

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