Yes, he introduces Hasselhoff.
As you'll see in the clip:
1. Even in a "serious" setting, Dave wryly sends-up the task of award-show thanks. Then turning serious, he finishes with another joke. I can't help but thinking it's said with just a touch of "all these months later...seriously, what am I going to do now?"
2. Deidre Hall applauds him off with a warm smile. Can't place the guy next to her...guessing he was on Days of Our Lives as well. Dick Clark smiles and applauds as he takes the stage, but then he did that with everyone, on every show, because he was a god damn pro.
3. Following the award, it goes to outstanding variety series. I'll leave it up to you which is the better show between Dave and Merv. Ricky Schroder steals the Merv clip. Is it let-down applause? Merv's producer is polite, though.
4. Seeing the ads, the early 80's were THE time for soap operas.
So it goes. A year ago (in May of 1980), Dave was promoting this show ahead of time on The Tonight Show, and seemed slightly nervous at the daunting challenge ahead of him. By the time he'd ironed out the kinks, it didn't last much longer.
A year after this (by May 1982), however, he'd be doing the same kind of show, and never looked back. (Seriously, even at the end of the Late Show, the clips weren't exactly overflowing, particularly from the morning show days) But there he is, an Emmy winning host, unknowingly biding his time.