"It's certainly an honor," says Alpert, who's being inducted with business partner Jerry Moss as record executives for founding the A&M Records label. "When I got the call I didn't sure how to react, to tell you the truth. It wasn't until my wife's gynecologist called and congratulated me that I figured we were onto something."
Alpert, who has a long history as a recording artist, and Moss founded A&M in Alpert's garage in 1962 and went on to release albums by Alpert's own Tijuana Brass, the Carpenters, Cat Stevens, Joe Cocker, Peter Frampton, the Police, Soundgarden and Sheryl Crow. They sold the company in 1998 to the Universal Music Group.
Alpert continues to record. He recently released "Rewhipped," a remixed version of his Grammy-winning 1965 album "Whipped Cream & Other Delights."
Alpert and Moss will be inducted into the Hall of Fame on Monday in New York City, along with Lynyrd Skynyrd, Black Sabbath, the Sex Pistols, Blondie and Miles Davis. The ceremony will be taped and telecast March 21 by VH1.
Notable deaths of 2014 [PHOTOS]