The pair met several years ago, before Oldman officially divorced his fourth wife Alexandra Edenborough in 2015.
McDormand was reportedly spotted crying outside of the Governors Ball after-party when she noticed that her award had gone missing and she was unable to find it. Security became concerned and later found out that it had not gotten lost, but had been stolen.
"I have two words for you: Inclusion rider", said McDormand, who went on to say that women should be encouraged to meet with studio executives and seek out quality opportunities in entertainment.
The coveted trophy went to "Darkest Hour" actor Gary Oldman, who portrayed Winston Churchill in the flick.
Be sure to watch the 90th Academy Awards at 7 p.m. Sunday on KOCO 5.
"I would like to thank my mother who is older than the Oscar - she is 99 years young next birthday and she is watching the ceremony from the comfort of her sofa", Gary said as he accepted his award.
They replaced Casey Affleck, last year's Best Actor victor, who withdrew as a presenter from this year's ceremony following two sexual assault lawsuits, which he settled out of court. Like Oldman, Schmidt is also involved in the arts. Her name was reportedly engraved on the award. According to Page Six, Schmidt is credited with introducing Oldman, a photographer, to artist and fellow photographer Ian Ruhter. Like the actor, Schmidt has also been previously married. From what I could see, even reading his speeches, there was a vulnerability, a cherubic sweetness to him.
The highlight had to be his shout out to his 91-year-old mother.
"The changes we are witnessing are being driven by the powerful sound of new voices, of different voices, of our voices, joining together in a mighty chorus that is finally saying 'Time's Up", Judd said. "He said, 'We should have been friends".
"I've gone through my thing and we're like peas in a pod", Oldman added of his latest marriage. Although Fiorentino hadn't come forward publicly about the alleged abuse until recently, it's described in the paperwork filed for their divorce almost two decades ago. And Affleck, who had been scheduled to present the best actress category at Sunday's awards, withdrew his appearance, with the Oscars skirting what would've likely been a controversial moment.