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Since the academy shifted these honorary kudos from the telecast to a separate non-televised ceremony three years ago, they have feted 11 people.
In 2009, honorary Oscars went to actress Lauren Bacall, cinematographer Gordon Willis and producer Roger Corman while studio executive John Calley received the Thalberg Award.
In 2010, honorary Oscars were bestowed on actor Eli Wallach, filmmaker Jean-Luc Godard and film historian Kevin Brownlow while Francis Ford Coppola was given the Thalberg.
Last year, honorary Oscars were awarded to actor James Earl Jones and makeup pioneer Dick Smith while TV personaility Oprah Winfrey was given the Jean Hersholt Humanitarian Award.
The selection process is fairly straightforward. Members of the board of governors put forth suggestions, with each of the top choices then voted on individually. Honorees must receive support from at least half of those on the board. The usual limit is three honorees. For a fourth person to be named, he or she needs to garner two-thirds of the votes.