Katie Holmes

Tom Cruise and Katie Holmes reach divorce agreement

July 9, 2012 at 1:10 PM ET

Tom Cruise and Katie Holmes are officially no longer husband and wife. Less than two weeks after Holmes filed for divorce, the couple have settled on a divorce agreement, according to a statement issued by Jonathan W. Wolfe, an attorney for Holmes.

"The case has been settled and the agreement has been signed. We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life. This result could not have been achieved without the hard work of my partner Gary Skoloff and our co-counsel Allan Mayefsky, Michael Mosberg and Larry Trachtenberg of Aronson Mayefsky and Sloan and Peter Walzer and Chris Melcher of Walzer & Melcher in California. We thank Tom’s counsel for their professionalism and diligence that helped bring about this speedy resolution."

Holmes filed for divorce June 29, and the couple would have had to appear in court to July 17, had they not come to an agreement before then. 

Cruise and Holmes, who were married five years, did not disclose any details about who would have custody of their daughter Suri, or what financial arrangements were reached. Just prior to announcing that a settlement was reached, reps for Holmes and Cruise issued a joint statement to E! saying they were moving forward with Suri's best interests in mind.

"We are committed to working together as parents to accomplish what is in our daughter Suri's best interests," the couple told E! News. "We want to keep matters affecting our family private and express our respect for each other's commitment to each of our respective beliefs and support each other's roles as parents."

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