A rep for Pamela Bach Hasselhoff provided "Extra" with the following statement:

"Although Pamela has been working hard to put this divorce behind her and moving on, since David was unavailable to attend Friday’s conference meeting, an agreement was not signed. Despite published reports, a settlement has not been reached nor finalized. Once David returns from vacation and elects to attend the next scheduled meeting — which to date, he has not been present at any — a settlement may be reached. As usual, Pamela’s top priority is being a full-time mom to their girls."

Bach needs to count her blessings that David Hasselhoff is even willing to settle anything. He could take it all, so Bach should just keep her mouth shut. Don’t hassle the Hoff.

David Hasselhoff and ex-wife Pamela Bach have reached a settlement in their divorce. They will share 50/50 custody of daughters Taylor and Hayley. They also reached an agreement on spousal and child support, but those terms were not disclosed. The couple’s Encino, California home will be put on the market. David had allowed Pamela to live there after she was ordered to move out, but they have now agreed to sell the property.

David is an amazingly generous person. Pam could have ended up without anything but supervised visitation, no home, no income, and no money for rehab. David deserves a lot of respect. Ladies and gentlemen, The Hoff.

The National Enquirer reports that David Hasselhoff has been hospitalized after having a drunken relapse. The Hoff’s rep. Judy Katz issued this statement:

"David had a brief relapse and immediately recognized the importance of addressing it with the assistance of his doctors. He is doing fine and will be back home in the morning".

The children have been in ex-wife Pamela Bach’s care for the last six weeks while The Hoff has been out of the country in Romania shooting "Anaconda 3." Mediation is scheduled for Thursday, and this incident may affect custody of the children. The kids might be better off with Richard Simmons adopting them. At least he’d keep them from getting fat, and having low self esteem. Of course then they’d have to start answering questions about why they have two dads.

Pamela Bach isn’t taking her loss in the custody battle for her kids lightly. David Hasselhoff’s ex-wife recently lost custody of the former couple’s two teenage daughters to The Hoff, despite the Baywatch star’s tragic and hilarious drunk video that has taken over the Internet.

The former Mrs. Hasselhoff is reportedly in the process of firing her lawyer, Debra Opri. Does that name ring a bell? It should, because Opri was the lawyer who represented Larry Birkhead in the famous custody battle over Anna Nicole Smith’s baby. As you may recall, Birkhead fired Opri also. Does anyone like this Opri woman?

Meanwhile, Bach is looking into hiring K-Fed’s divorce attorney instead. Best of luck with that, Pamela.

Don’t mess with the Hoff. Here’s more:

David Hasselhoff was awarded primary custody of his two daughters on Friday, his attorney tells PEOPLE.

Superior Court Judge Mark Juhas ruled that Hasselhoff’s ex-wife, Pamela Bach, could visit the teen-aged girls on alternate weekends and on Wednesday nights for dinner, says lawyer Melvin S. Goldsman.

"If, down the road, the kids are comfortable seeing her more, Mr. Hasselhoff has said he will let his children see their mother as often as they want to," Goldsman says.

The decision marked a dramatic turnaround for the actor, who had been blocked temporarily from seeing Taylor-Ann, 17, and Hayley, 14, after a drunken video of the actor surfaced in May. Hasselhoff regained his parental rights when he agreed to alcohol testing, sources say.