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Published:August 22nd, 2012 14:45 EST
Katie Holmes and Tom Cruise Divorce Official

Katie Holmes and Tom Cruise Divorce Official

By Garrett Godwin

Tom Cruise and Katie Holmes are officially over, as People confirmed that the divorce has been finalized after five years of marriage.

The couple formerly known as "TomKat" became an overnight sensation in the summer of 2005 when Tom Cruise infamously jumped on the coach of The Oprah Winfrey Show -- declaring his love back then to Katie.  They welcomed daughter Suri in May 2006, and got married in Italy in November.

According to documents, Katie said the marriage was "irretrievably" broken for months before filing for divorce back in late June.

The actress has sole custody of six-year-old Suri, while Tom has been granted visitation rights.

This is Katie`s first marriage and the third marriage for Tom, who was previously married to Mimi Rogers and Nicole Kidman, with whom he has two children: daughter Isabella and son Conor, who co-stars with Chris Hemsworth in the upcoming remake of 1984`s Cold War Gen-X cult classic Red Dawn.