The Academy of Motion Picture Arts and Sciences, announced on Friday that actor Will Smith will be banned from attending any Academy events, including the Oscars, for the next 10 years for slapping comedian Chris Rock during this year's Academy Awards.

Will Smith had already resigned from the Academy and said he would accept “any further consequences,” calling his own actions “shocking, painful, and inexcusable.”

Also Read: Will Smith slaps Chris Rock at Oscars 2022 after joke about his wife

The president of the Academy, David Rubin, and chief executive, Dawn Hudson, said in a statement: “The 94th Oscars were meant to be a celebration of the many individuals in our community who did incredible work this past year.

“However, those moments were overshadowed by the unacceptable and harmful behavior we saw Mr Smith exhibit on stage.”

The board ruled that starting April 8, 2022, Smith “shall not be permitted to attend any Academy events or programs, in person or virtually, including but not limited to the Academy Awards” for 10 years.

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The statement added: “This action we are taking today in response to Will Smith's behavior is a step toward a larger goal of protecting the safety of our performers and guests, and restoring trust in the Academy.”

The Academy also apologized for the manner in which they handled the situation during the live broadcast, adding: “During our telecast, we did not adequately address the situation in the room. For this, we are sorry. This was an opportunity for us to set an example for our guests, viewers and our Academy family around the world, and we fell short – unprepared for the unprecedented.”

Additionally, the board expressed their “deep gratitude” to Rock for “maintaining his composure under extraordinary circumstances” while also thanking “[their] hosts, nominees, presenters and winners for their poise and grace during [the] telecast.”

“This action we are taking today in response to Will Smith’s behavior is a step toward a larger goal of protecting the safety of our performers and guests, and restoring trust in the Academy,” the statement concluded. “We also hope this can begin a time of healing and restoration for all involved and impacted.”

For his part, Will Smith issued a brief statement saying: “I accept and respect the Academy's decision,” according to Page Six.

Also Read: ‘I would like to publicly apologize to you, Chris’: Will Smith on Instagram