Sylvester Stallone and his wife, Jennifer Flavin, are calling it quits after 25 years of marriage.
Flavin, 54, filed a petition “for dissolution of marriage and other relief” from the 76-year-old "Rocky" franchise star on Aug. 19, in at a court in Palm Beach County, Florida, according to court documents obtained by TODAY.
The documents state that the couple's marriage was "irretrievably broken" and allege that Stallone "engaged in the intentional dissipation, depletion and/or waste of marital assets which has had an adverse economic impact on the marital estate.”
Flavin is seeking a greater share of the couple's assets, and she also requested to live in the couple's Palm Beach home during their divorce proceedings, according to the documents.
Stallone told TODAY in a statement on Wednesday, "I love my family. We are amicably and privately addressing these personal issues."
Attorneys for Flavin did not immediately respond to a request for comment.
The couple tied the knot in 1997 after nearly a decade of dating and share three daughters: Sophia, 25, Sistine, 24 and Scarlet, 20.
Stallone was previously married to Sasha Czack from 1974 to 1985 and to his "Rocky IV" and "Creed II" co-star Brigitte Nielsen from 1985 to 1987. He and Czack shared sons Sage, who died of heart disease in July 2012 at age 36, and Seargeoh, 43.
On May 17, the Golden Globe winner celebrated his 25th anniversary with Flavin, a former model, by sharing a gallery of pics of the couple and their children on Instagram.
"Happy 25th anniversary to my amazing wife," the action star wrote in his caption. "There is not enough words to describe what this incredibly selfless dedicated , patient, woman has meant to our lives and I only wish they could be another 25! Thank you sweetheart!"
Stallone also honored his bride on her 53rd birthday in August 2021.
"Happy birthday to Jennifer! A fantastic wife and mother! We love you," he wrote in an Instagram post.