New York: Veteran actor Michael Douglas is set to be honoured for his career achievements by bosses at his former theatre company in Connecticut. The 'Wall Street' star will receive Monte Cristo Award by the Eugene O'Neill Theater Centre in recognition of his glittering Hollywood career.

Douglas has a long association with the theatre company -- he acted there for three years in the 1960s and has been a member of the board since 1980.

The actor will accept the prize from his wife Catherine Zeta-Jones during the Monte Cristo gala at the Edison Ballroom here on April 16.