diff --git a/ChangeLog b/ChangeLog
index 71c52fb..d61f96a 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -29,6 +29,7 @@ v0.5dev (ongoing development)
  * Fix RPM init script hanging on recent OS (#3488223)
  * lcdproc client: Fix build on OpenBSD >= 5.0
  * hd44780/serial: Add support for adjustable backlight
+ * Build system: Fix build with automake >= 1.11.3 (#3494755)
 
 v0.5.5
  + sed1330 driver: Add support for HG25504 (L. Lagendijk)
diff --git a/server/drivers/Makefile.am b/server/drivers/Makefile.am
index 7711acc..4022197 100644
--- a/server/drivers/Makefile.am
+++ b/server/drivers/Makefile.am
@@ -21,7 +21,8 @@ AM_LDFLAGS = @LDSHARED@
 
 ## Keep the lists sorted!
 
-pkglib_PROGRAMS = @DRIVERS@
+lcdexecbindir = $(pkglibdir)
+lcdexecbin_PROGRAMS = @DRIVERS@
 EXTRA_PROGRAMS = bayrad CFontz CFontzPacket curses debug CwLnx ea65 EyeboxOne g15 glcd glcdlib glk hd44780 icp_a106 imon imonlcd IOWarrior irman joy lb216 lcdm001 lcterm lirc lis MD8800 mdm166a ms6931 mtc_s16209x MtxOrb mx5000 NoritakeVFD picolcd pyramid sdeclcd sed1330 sed1520 serialPOS serialVFD shuttleVFD stv5730 SureElec svga t6963 text tyan sli ula200 vlsys_m428 xosd i2500vfd irtrans
 noinst_LIBRARIES = libLCD.a libbignum.a