Adrienne Maloof and Paul Nassif reached a divorce settlement a year after announcing their split following 10 years of marriage and three kids. 

The Real Housewives of Beverly Hills stars released a joint statement Thursday regarding the status of their separation, stating that they "reached an agreement on all outstanding issues related to our divorce settlement and all pending litigation," and are now focusing only on the their sons, Gavin and twins, Collin and Christian. 

"Our first priority is our children's' well-being and happiness. As their parents and advocates that is our goal. Our children are our most important treasures and need to be treated with the respect and privacy they deserve. We're happy to be moving forward with our lives in a positive way not only individually but as co-parents," the statement continued.

"This is a new beginning for each of us. Our goal is for our children to have stable and nurturing relationships with both of us so we can all find as much happiness as possible. We appreciate the good wishes we continue to receive from our supporters around the world."

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Nassif filed for divorce citing irreconcilable differences on July 30, 2012 in Los Angeles Superior Court, E! News confirmed at the time. The former couple reportedly had a prenup. They married in May 2002.

At the time of the split Maloof told Radar Online"I'm so sorry that this is happening, but my children are my life, and sometimes we need to do what's best for them. I have to have my kids' best interest at heart."

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Maloof began dating singer/songwriter Sean Stewart in January 2013 They split for a short period of time in March before rekindling their romance. They were spotted at Los Angeles' Mondrian Hotel on Aug. 21 after it was announced that her ex-husband dropped a lawsuit against Maloof regarding their son Gavin's education.