The president will announce this year’s honorees Wednesday. The arts complex’s marquee awards ceremony may see significant changes as Trump continues to overhaul the institution he took over in February.

Trump, who will be the first president to host the awards show, announced this year's honorees on Wednesday (Aug. 13).

President Donald Trump Wednesday announced the latest picks for the Kennedy Center Honors, naming actor Sylvester Stallone, singer Gloria Gaynor, actor-singer Michael Crawford, musician George Strait and the glam-rock band Kiss as this year's inductees. Trump also said he had "agreed to host" the event.