diff --git a/CHANGELOG.md b/CHANGELOG.md
index e522034..2b53fdc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 ## CHANGELOG
 
+### `v1.40.2`
+
+#### Tweaks
+* Lower log level for shutdown msg [#553](https://github.com/newrelic/elixir_agent/pull/553)
+
 ### `v1.40.1`
 
 #### Fixes
diff --git a/VERSION b/VERSION
index 53a714f..148dabb 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.40.1
+1.40.2