The couple, who were wed for 18 years and have two sons -- Hud, 17, and Speck, 16 -- separated on September 1, 2010, and hefiled for divorce on January 14. Their divorce, his third, was formalized on August 12.
The couple negotiated "an amicable settlement of all issues involving property and maintenance rights, the custody and support of their children, and all other issues," according to the settlement agreement.
They will share joint legal custody of the boys, with their mother -- who will return to the name Elaine Irwin -- having primary physical custody. John will pay child support and for their schooling. No other specifics of their 31-page confidential final settlement agreement were made public.
In court papers, Mellencamp said the marriage was "irretrievably broken." Indiana is a "no-fault" state, meaning a couple can divorce for almost any reason.
The Mellencamps lived in a 56-acre estate in Lake Monroe, Indiana, which is close to Bloomington. Both had said they planned to stay in Indiana, where "they will continue to raise their children," his rep said in January.
Since the split, John Mellencamp, 59, has been dating Meg Ryan, and the pair have been spotted around Martha's Vineyard, New York City and Bloomington.
In addition to the two boys with Irwin, Mellencamp has three other children.
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