Smith, who was facing possible expulsion or suspension over Sunday's slap of Rock at the 94th Academy Awards, has instead chosen to resign. Variety reports that the Academy will continue its investigation and disciplinary process into Smith's slap, despite his resignation. "I have directly responded to the Academy’s disciplinary hearing notice, and I will fully accept any and all consequences for my conduct," Smith said in a statement. "My actions at the 94th Academy Awards presentation were shocking, painful, and inexcusable. The list of those I have hurt is long and includes Chris, his family, many of my dear friends and loved ones, all those in attendance, and global audiences at home. I betrayed the trust of the Academy. I deprived other nominees and winners of their opportunity to celebrate and be celebrated for their extraordinary work. I am heartbroken. I want to put the focus back on those who deserve attention for their achievements and allow the Academy to get back to the incredible work it does to support creativity and artistry in film. So, I am resigning from membership in the Academy of Motion Picture Arts and Sciences, and will accept any further consequences the Board deems appropriate."