Nichols picked up eight Tony Awards for Best Director throughout his career.
The Tony Awards committee held its first meeting of the 2014-15 season.
The concert will be part of McDonald's nationwide tour.
The Wing will now copresent the awards with The Village Voice.
Nominations will be announced in late April.
The restaurant honored the musical revival on its Wall of Fame.
The actors join the Rodgers and Hammerstein musical at the Broadway Theatre.
The announcement comes hot on the heels of the spring 2013 announcement to the contrary.
The Tony winner will be awarded the prize at an upcoming fundraising event.