Steve Martin finally has his Oscar.
The three-time host of the Academy Awards, including co-hosting with Alec Baldwin in 2010, will receive an honorary governors award, the academy announced Thursday. The Oscar will be presented at the Academy's 5th Annual Governors Awards on Saturday, November 16.
Martin took to Twitter to give thanks as tweets of support poured in.
"I'm proud to win an honorary Oscar this year," he said, calling it "a salute to comedy and all the great people I've worked with."
Martin wrote and starred in classic comedies such as The Jerk, Dead Men Don't Wear Plaid, Three Amigos, Roxanne, L.A. Story and Shopgirl, which he adapted from his critically acclaimed novel of the same name.
His other acting credits include All of Me, Parenthood, Father of the Bride and It's Complicated.
Tom O'Neil, editor of GoldDerby.com, said the award was long overdue considering Martin's illustrious comedic film career and Oscar hosting duties.
"They really owed him one," said O'Neil of Martin. "He was snubbed for All of Me and he has presided with brilliance as Oscar host many times."
Martin himself has long made fun of the dry spell. In 2012 he tweeted: "Looking over my trophies: Emmy: check. Grammy: check. Tony: eat me. Oscar: shove it. Pulitzer: who cares." Later he added, "I swear, if I don't win an Oscar this year, it will be like every other year."
The multitalented Martin is currently touring with the bluegrass group The Steep Canyon Rangers where he plays banjo onstage alongside singer Edie Brickell.
Three-time Oscar winner Angela Lansbury will also receive an honorary Oscar and Angelina Jolie will receive the Jean Hersholt Humanitarian Award.