diff --git a/Makefile b/Makefile
index 23e8aaa7..713b8390 100644
--- a/Makefile
+++ b/Makefile
@@ -3,8 +3,8 @@
 
 LATEX_C=pdflatex -shell-escape -file-line-error
 
-version=4.0
-OPENPMIX_BRANCH ?= "v4.0"
+version=v5.0
+OPENPMIX_BRANCH ?= "master"
 default: pmix-standard.pdf
 
 CHAPTERS= \
diff --git a/pmix-standard.tex b/pmix-standard.tex
index f16dd79a..f4a78434 100644
--- a/pmix-standard.tex
+++ b/pmix-standard.tex
@@ -57,10 +57,10 @@
 
 % Text to appear in the footer on even-numbered pages:
 \ifthenelse{\boolean{is_unofficial_draft}}
-  {\newcommand{\VER}{4.0 (Draft)}
+  {\newcommand{\VER}{5.0 (Draft)}
    \newcommand{\VERDATE}{\emph{Created on \today}}
   }
-  {\newcommand{\VER}{4.0}
+  {\newcommand{\VER}{5.0}
    \newcommand{\VERDATE}{Month Year}
   }
 \newcommand{\footerText}{PMIx Standard -- Version \VER{} -- \VERDATE}