United Kingdom, May 30 -- Steve Guttenberg and Emily Guttenberg have agreed the terms of their divorce.

One year after the 67-year-old actor - who is best known for playing Carey Mahoney in the 'Police Academy' film franchise - filed for divorce in the Superior Court of California, County of Los Angeles, he and Emily have managed to agree on a division of assets.

According to court documents obtained by Us Weekly, the former couple entered into a settlement agreement on March 17, just less than one year after Steve filed divorce papers in April 2025.

Steve agreed to a $700,000 spousal support buyout to Emily but he will be able to keep all of his earnings before and during the marriage and post-separation.

Emily will also keep all of ...