diff --git a/CHANGELOG b/CHANGELOG
index f361130..aff58a9 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,3 +1,9 @@
+5.4.1
+-----
+
+- Minor bugfix where the `kwargs` were not being correctly passed down the
+  validator tree.
+
 5.4.0
 -----
 
diff --git a/flex/__init__.py b/flex/__init__.py
index f24371e..63b414a 100644
--- a/flex/__init__.py
+++ b/flex/__init__.py
@@ -1,3 +1,3 @@
-VERSION = '5.4.0'
+VERSION = '5.4.1'
 
 from flex.core import load  # NOQA
diff --git a/setup.py b/setup.py
index cda8ea2..80eac72 100644
--- a/setup.py
+++ b/setup.py
@@ -9,7 +9,7 @@
 except ImportError:
     from distutils.core import setup, find_packages
 
-version = '5.4.0'
+version = '5.4.1'
 
 readme = open(os.path.join(DIR, 'README.md')).read()