David Hasselhoff & Pamela Bach Divorce Official

LOS ANGELES, Calif. (December 18, 2007) David Hasselhoff and Pamela Bach resolved their post-divorce issues on Friday.

The two worked out a custody agreement behind closed doors last week and it was announced they would share custody of their two beautiful daughters, Taylor Ann and Hayley.

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"I'm pleased that everything has been resolved and I'm proud of my daughters who have remained strong and have exhibited dignity during this very difficult time. We are all moving on," Hasselhoff said in a statement to Access Hollywood.

Access has reached out to Bach for comment, but not yet heard back.

The former couple made multiple appearances in court earlier this year over the custody of their two children.

In June, Hasselhoff was granted full custody of the girls.

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Hasselhoff originally filed for divorce in January 2006 after over 16 years of marriage.

According to City News Service, Bach was at the hearing, while Hasselhoff participated in the court session by telephone.

A financial agreement was also reached, but Hasselhoff's lawyer, Melvin S. Goldsman, declined to elaborate on the terms of that settlement.