The 2012 inductees for the Rock and Roll Hall of Fame were announced on Wednesday, and the list includes such names as the Red Hot Chili Peppers, the Beastie Boys, Guns N' Roses, Laura Nyro, and the '60s British group The Small Faces, which is being honored alongside its subsequent incarnation, Faces, which was fronted by singer Rod Stewart in the late '60s.

"I called my dad and he cried," Chili Peppers' singer Anthony Kiedis, 49, told Rolling Stone. "The most emotional part for me was thinking about [late guitarist] Hillel Slovak …. It's really kind of his induction that I'm the most excited about. He's a beautiful person that picked up a guitar in the 1970s and didn't make it out of the 1980s, and he is getting honored for his beauty." Kiedis also gushed about those who are still around to accept the honor. "It really fills my heart with the reality of how much we love doing what we do, and how much Flea and I love each other. We have stuck together through thick and thin and we want to keep on trucking and continuing to do what it is we do."

The Beastie Boys chose to recognize the role that their band's influences have had on their music. "While we are very proud of the music we make, we have to acknowledge the inspiration from our families, friends and musicians like The Slits, Bad Brains, X-Ray Spex, The Treacherous Three and too many others to possibly name," they said in a statement. "And most of all, we give thanks to New York City and the world of musical influence it provides us with."

"It's quite a thrill and honor to make it in the Hall of fame a second time," Stewart said in a statement of being included in Faces' induction, after joining for the first time in 1994. "We were always synonymous with a good party, and with this list of fellow artists being inducted I'm looking forward to a true piss up … and it's a hell of a good reason to reunite and celebrate with my old mates."

Also eligible but passed up this year were The Cure, Rush, and KISS. Guns N' Roses is this year's only band to be inducted in its first year of eligibility.

The winners, who also include the '60s folk singer-songwriter Donovan, are slated to perform at the annual induction ceremony in Cleveland, Ohio on April 14. There have already been some questions as to whether the age-old dispute between Guns N' Roses legends Axl Rose and Slash will prevent them from taking the stage together, or get put aside for the momentous occasion. With or without a Guns N' Roses medley, the event will air on HBO in early May.