LOS ANGELES (AP) — Will Smith resigned Friday from the motion picture academy following his Oscars night slap of Chris Rock and said he would accept any further punishment the organization imposed.

Smith in a statement released Friday afternoon said he will "fully accept any and all consequences for my conduct. My actions at the 94th Academy Awards presentation were shocking, painful, and inexcusable."

Film academy president David Rubin said Smith's resignation was accepted. "We will continue to move forward with our disciplinary proceedings against Mr. Smith for violations of the Academy's St...