Two-time Oscar winner Michael Douglas will have a new award to place on his mantle later this month. On May 24, at Alice Tully Hall in New York, Douglas will be honored with the Film Society of Lincoln Center’s 37th annual Chaplin Award. Recent Chaplin Award recipients include Tom Hanks, Meryl Streep and Dustin Hoffman.

Some of Douglas’ most celebrated friends and collaborators will serve as presenters, including Milos Forman, Curtis Hanson, Steven Soderbergh, Tobey Maguire, Danny DeVito, Erika Christensen and Barbara Walters. Also presenting will be Douglas’ wife, Catherine Zeta-Jones, and his father, the legendary Kirk Douglas. A special music performance will be provided by singer-songwriter Jimmy Bufffett, a long-time friend of Dougla’. Film clips commemorating Douglas’ prolific career, in which the versatile actor effortlessly shifted from slick Hollywood hits (Wall Street, Basic Instinct) to quirky, character-based work (Wonder Boys, King of California), will be featured throughout the night.

Mara Manus, executive director of The Film Society of Lincoln Center, says, “Over the years, The Film Society’s Annual Chaplin Award Gala has become one of the most prominent cultural affairs in the film industry and having the opportunity to bestow this honor on as passionate and successful an actor as Michael Douglas, highlighted by the caliber of Michael’s peers and friends who are equally as excited to be a part of the evening, is truly thrilling for all of us here.”

Douglas can next be seen in the offbeat, independent comedy-drama Solitary Man (co-starring Susan Sarandon, Danny DeVito and Mary-Louise Parker), out May 21. On September 24, he returns to the role that won him an Oscar—sleazy corporate raider Gordon Gekko—in the highly anticipated sequel, Wall Street: Money Never Sleeps, directed by Oliver Stone.

For more information, please visit http://www.FilmLinc.com.

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