diff --git a/apis/v1alpha1/ack-generate-metadata.yaml b/apis/v1alpha1/ack-generate-metadata.yaml
index 7386350..9e40882 100755
--- a/apis/v1alpha1/ack-generate-metadata.yaml
+++ b/apis/v1alpha1/ack-generate-metadata.yaml
@@ -1,8 +1,8 @@
 ack_generate_info:
-  build_date: "2024-12-04T18:42:10Z"
-  build_hash: 5b95c1667a03835266df2d3f598718dd164184af
-  go_version: go1.23.2
-  version: v0.39.1-8-g5b95c16
+  build_date: "2024-12-09T17:24:14Z"
+  build_hash: 631aeb190e332addb8379672df6367a0875dce88
+  go_version: go1.23.3
+  version: v0.40.0
 api_directory_checksum: 4cfe0b6ec81b65719c1f165983b84116135f5e40
 api_version: v1alpha1
 aws_sdk_go_version: v1.55.5
diff --git a/config/controller/kustomization.yaml b/config/controller/kustomization.yaml
index 28ccd5e..5fe8bd4 100644
--- a/config/controller/kustomization.yaml
+++ b/config/controller/kustomization.yaml
@@ -6,4 +6,4 @@ kind: Kustomization
 images:
 - name: controller
   newName: public.ecr.aws/aws-controllers-k8s/eks-controller
-  newTag: 1.5.2
+  newTag: 1.5.3
diff --git a/go.mod b/go.mod
index 7a9e5c0..41e9c19 100644
--- a/go.mod
+++ b/go.mod
@@ -8,7 +8,7 @@ require (
 	github.com/aws-controllers-k8s/ec2-controller v1.1.0
 	github.com/aws-controllers-k8s/iam-controller v1.3.1
 	github.com/aws-controllers-k8s/kms-controller v1.0.9
-	github.com/aws-controllers-k8s/runtime v0.39.1-0.20241202082353-a6b0014a8130
+	github.com/aws-controllers-k8s/runtime v0.40.0
 	github.com/aws/aws-sdk-go v1.55.5
 	github.com/go-logr/logr v1.4.2
 	github.com/spf13/pflag v1.0.5
diff --git a/go.sum b/go.sum
index 7d29032..af8bbaf 100644
--- a/go.sum
+++ b/go.sum
@@ -4,8 +4,8 @@ github.com/aws-controllers-k8s/iam-controller v1.3.1 h1:/3yH3tAtSVAAt2ulIqsmutjW
 github.com/aws-controllers-k8s/iam-controller v1.3.1/go.mod h1:7nZzMtEN8xEL5fYhL9FKkBhqoP4QMmMp5x5dXDGwfYM=
 github.com/aws-controllers-k8s/kms-controller v1.0.9 h1:GZHSnuZBoWp9r6RaJ3siyDn5BRhDuaZJXtdBKeAiLSw=
 github.com/aws-controllers-k8s/kms-controller v1.0.9/go.mod h1:Pnz0d5sly7dUgmYMDJWSRIKASOujJFi/b8N2q1qCLqU=
-github.com/aws-controllers-k8s/runtime v0.39.1-0.20241202082353-a6b0014a8130 h1:EoXYRrpBX2hi5B1IawKr2LJTsVsreHsJdxULLlMNO9U=
-github.com/aws-controllers-k8s/runtime v0.39.1-0.20241202082353-a6b0014a8130/go.mod h1:G07g26y1cxyZO6Ngp+LwXf03CqFyLNL7os4Py4IdyGY=
+github.com/aws-controllers-k8s/runtime v0.40.0 h1:FplFYgzCIbQsPafarP3dy/4bG1uGR8G1OLYOWO4a7Lc=
+github.com/aws-controllers-k8s/runtime v0.40.0/go.mod h1:G07g26y1cxyZO6Ngp+LwXf03CqFyLNL7os4Py4IdyGY=
 github.com/aws/aws-sdk-go v1.55.5 h1:KKUZBfBoyqy5d3swXyiC7Q76ic40rYcbqH7qjh59kzU=
 github.com/aws/aws-sdk-go v1.55.5/go.mod h1:eRwEWoyTWFMVYVQzKMNHWP5/RV4xIUGMQfXQHfHkpNU=
 github.com/beorn7/perks v1.0.1 h1:VlbKKnNfV8bJzeqoa4cOKqO6bYr3WgKZxO8Z16+hsOM=
diff --git a/helm/Chart.yaml b/helm/Chart.yaml
index fd08251..d093c6e 100644
--- a/helm/Chart.yaml
+++ b/helm/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v1
 name: eks-chart
 description: A Helm chart for the ACK service controller for Amazon Elastic Kubernetes Service (EKS)
-version: 1.5.2
-appVersion: 1.5.2
+version: 1.5.3
+appVersion: 1.5.3
 home: https://github.com/aws-controllers-k8s/eks-controller
 icon: https://raw.githubusercontent.com/aws/eks-charts/master/docs/logo/aws.png
 sources:
diff --git a/helm/templates/NOTES.txt b/helm/templates/NOTES.txt
index b7bcc01..718c0f9 100644
--- a/helm/templates/NOTES.txt
+++ b/helm/templates/NOTES.txt
@@ -1,5 +1,5 @@
 {{ .Chart.Name }} has been installed.
-This chart deploys "public.ecr.aws/aws-controllers-k8s/eks-controller:1.5.2".
+This chart deploys "public.ecr.aws/aws-controllers-k8s/eks-controller:1.5.3".
 
 Check its status by running:
   kubectl --namespace {{ .Release.Namespace }} get pods -l "app.kubernetes.io/instance={{ .Release.Name }}"
diff --git a/helm/values.yaml b/helm/values.yaml
index f034e23..baf04f4 100644
--- a/helm/values.yaml
+++ b/helm/values.yaml
@@ -4,7 +4,7 @@
 
 image:
   repository: public.ecr.aws/aws-controllers-k8s/eks-controller
-  tag: 1.5.2
+  tag: 1.5.3
   pullPolicy: IfNotPresent
   pullSecrets: []