Dr. Dre, Missy Elliott, Lil Wayne, and music executive Sylvia Rhone are set to be honored during the second annual Recording Academy Honors Presented by The Black Music Collective event at the Hollywood Palladium on Thursday, Feb. 2.

All four will receive the Recording Academy Global Impact Award for their personal and professional achievements in the music industry, Billboard reports.

“I am so thrilled to honor and celebrate these four giants in the music industry,” Recording Academy CEO Harvey Mason jr. said in a statement. “Last year’s inaugural event was such a highlight during Grammy Week and now with Dre, Missy, Wayne and Sylvia there to pay tribute to this year, it’s definitely going to be another night to remember. I continue to be proud of the work of our Black Music Collective as it’s a vital part of what we do here at the Academy.”

Dre has won seven Grammys, Wayne has won five, and Missy has won four. Rhone, the chairwoman and CEO of Epic Records, became the only African American and the first woman in the history of the recording industry to attain the dual title of chairman/CEO when she headed up Elektra Entertainment Group in 1994.

The event will take place three days before the 65th Annual Grammy Awards.