Honoree Neil Young attends the 56th GRAMMY Awards P&E Wing Event Honoring Neil Young at The Village Recording Studios on January 21, 2014 in Los Angeles, California.

Honoree Neil Young attends the 56th GRAMMY Awards P&E Wing Event at The Village Recording Studios on Jan. 21, 2014 in Los Angeles.

Michael Kovac, WireImage

Legendary rock musician Neil Young was celebrated Tuesday night by the producers and engineers wing of the Recording Academy.

Young, 68, received his award on stage during the group's seventh annual Grammy week celebration at The Village, a historic Los Angeles recording studio that's hosted the likes of the Beach Boys, Mariah Carey, Johnny Cash, Ray Charles, Eric Clapton and Elton John.

The National Academy of Recording Arts and Sciences honored Young for his artistic creativity, philanthropic efforts and sonic integrity for a career that's spanned more than four decades, including his time with Buffalo Springfield and Crosby, Stills, Nash and Young.

"You're honoring me, you're honoring yourself," Young told the crowd of music industry professionals. "It's not me. It's you."

Left to right: P&E Wing senior executive director Maureen Droney, Recording Academy president/CEO Neil Portnow and Neil Young.

Young recalled working on the recording of his 1975 song "Like a Hurricane" at The Village and lamented the rise of digital recording. He also used his acceptance speech to plug his upcoming high-fidelity audio service Pono, which translates to "righteousness" in Hawaiian.

The singer-songwriter, who's sometimes referred to as "the godfather of grunge," didn't pick up his guitar at the event, but Dave Matthews made a surprise appearance to pay tribute to the musician.

Accompanied by only his guitar, Matthews crooned the folk song "Rye Whiskey" and played Young classics "My My, Hey Hey" and "The Needle and the Damage Done."

Dave Matthews, Neil Young and Young's wife, Pegi, at the 2014 Producers & Engineers Wing event at Village Studios.

"As a person, you're one of the most amazing people I've ever met in my life," Matthews said after performing the trio of tunes. "I hope that I'm half the inspiration to people that you have been to me."

Other artists in attendance at Tuesday's event included Colbie Caillat, Kris Kristofferson, Jakob Dylan and Chad Smith of the Red Hot Chili Peppers. Young gave a special shout-out from the stage to producer/engineer Al Schmitt, who was also in attendance. 

Young and his band Crazy Horse's recent album "Psychedelic Pill" is up for best rock album at Sunday's Grammys against Black Sabbath's "13," David Bowie's "The Next Day," Kings of Leon's "Mechanical Bull," Led Zeppelin's "Celebration Day" and Queens of The Stone Age's "... Like Clockwork."

The show will be broadcast live on CBS.

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