diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5246813..3297823 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,11 @@
 Change Log
 ==========
 
+Version 1.2.3 (2014-10-05)
+----------------------------
+
+- `MaterialMenuView` now takes padding into account and position `MaterialMenuDrawable` accordingly
+
 Version 1.2.2 (2014-09-22)
 ----------------------------
 
diff --git a/README.md b/README.md
index 36e0327..dfcd6b9 100644
--- a/README.md
+++ b/README.md
@@ -12,13 +12,13 @@ Check for latest versions at [Gradle Please][4] and import depending on ActionBa
 
 ```groovy
 // stock actionBar
-compile 'com.balysv.materialmenu:material-menu:1.2.2'
+compile 'com.balysv.materialmenu:material-menu:1.2.3'
 
 // actionBarCompat
-compile 'com.balysv.materialmenu:material-menu-abc:1.2.2'
+compile 'com.balysv.materialmenu:material-menu-abc:1.2.3'
 
 // actionBarSherlock
-compile 'com.balysv.materialmenu:material-menu-abs:1.2.2'
+compile 'com.balysv.materialmenu:material-menu-abs:1.2.3'
 ```
 
 
diff --git a/gradle.properties b/gradle.properties
index 970439a..bd8c8f4 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,5 +1,5 @@
-VERSION_NAME=1.2.2
-VERSION_CODE=7
+VERSION_NAME=1.2.3
+VERSION_CODE=8
 GROUP=com.balysv.materialmenu
 
 POM_NAME=Material Menu