Hopefully you can get this reduced. Then it won't be an issue.
I went to school in VA and it is a misdemeanor reckless driving if you get pulled over for going 20 or more mph over the speed limit. I got pulled over going 55 in a 35. It was a road near where I lived that I traveled all the time and was just complacent about it one day. Anyway, I got the speed reduced so I was not charged with a misdemeanor (still remember having to pay a pretty penny).
Good luck on getting this reduced. If you don't, you will have to report it. However, I think programs will see an explanation of it and not care as much about is as say a drug/alcohol infraction or an academic red flag like cheating.