diff --git a/ChangeLog b/ChangeLog
index 189c3da3..eb4cc8cf 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,4 +1,6 @@
 * 2017-1?-??: Version 1.2.1
+  * Bugfix #348: Fix a linking issue in stubby when libbsd is present
+    Thanks Remi Gacogne
   * Fix Makefile dependencies for parallel install.
     Thanks ilovezfs
 
diff --git a/stubby b/stubby
index 0cbd46ea..c9e89293 160000
--- a/stubby
+++ b/stubby
@@ -1 +1 @@
-Subproject commit 0cbd46ea6d0da727c42b0890d498366cd2b1ec2c
+Subproject commit c9e89293beac4fe599024bfb021cb2ae832cc93f