According to CHUD, it will be a lifetime achievement award, presented by Coppola and Marty, both of whom started under Corman
A great number of the big names in film apprenticed under Corman, he's made literally hundreds of films... some of them were even good! Just look at his IMDB credits. Or just look at one of his films like "Battle Beyond the Stars"... look at the future heavyweights that worked on that movie, from script to score to special effects.
He also pioneered new business methods in production, leveraging the money from the film he was currently working on to the one he was doing next.
I've always been impressed by this guy, more so after reading his biography. An unconventional choice for the award, but I think deserving nonetheless. He shaped an industry.