Stephen Colbert

Stephen Colbert.

Stephen Colbert — known for his over-the-top satirical take on political punditry on Comedy Central’s “The Colbert Report” — will deliver the commencement speech at Wake Forest University’s graduation ceremony in May, the school announced Tuesday in a news release.

“We are thrilled Stephen Colbert has accepted the invitation to speak at Wake Forest’s commencement ceremony,” Nathan Hatch, the university’s president, said in a statement. “I’m not sure what our graduates will enjoy more — how his creative genius reflects the exaggerated extremes of politics and contemporary life or how so many of us at Wake Forest will find ourselves on the receiving end of his jokes.”

Colbert, 50, could not be reached for comment Tuesday.

“The Colbert Report” ended in December after nine years on the air. The show was nominated for 40 Emmy Awards, winning six. The show twice won in the “Outstanding Writing for a Variety Series’ category. The program was also honored twice with the Peabody Award for Excellence in Broadcasting.

Colbert first gained notice in 1997 when he joined “The Daily Show with Jon Stewart.” He will soon take over for David Letterman as host of the “Late Show” on CBS.

Colbert is also the author of three books, including “America Again: Re-becoming The Greatness We Never Weren’t,” which spent 17 weeks on the New York Times best-seller list, according to Wake Forest’s news release.

A native of Charleston, S.C., Colbert is a graduate of Northwestern University, where he majored in theater.

The graduation ceremony will be Monday, May 18 at 9 a.m. at Hearn Plaza. It is a ticketed event reserved for graduates, their families and their guests. A live-stream webcast of the ceremony will be available at go.wfu.edu/wfu15.

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