diff --git a/changelog/changes/2024-01-25-flatcar-update-oem.md b/changelog/changes/2024-01-25-flatcar-update-oem.md
new file mode 100644
index 0000000000..5d5e299e2b
--- /dev/null
+++ b/changelog/changes/2024-01-25-flatcar-update-oem.md
@@ -0,0 +1 @@
+- Added a `flatcar-update --oem-payloads <yes|no>` flag to skip providing OEM payloads, e.g., for downgrades ([init#114](https://github.com/flatcar/init/pull/114))
diff --git a/sdk_container/src/third_party/coreos-overlay/coreos-base/coreos-init/coreos-init-9999.ebuild b/sdk_container/src/third_party/coreos-overlay/coreos-base/coreos-init/coreos-init-9999.ebuild
index 29fd8ccc20..3d0c4e8c88 100644
--- a/sdk_container/src/third_party/coreos-overlay/coreos-base/coreos-init/coreos-init-9999.ebuild
+++ b/sdk_container/src/third_party/coreos-overlay/coreos-base/coreos-init/coreos-init-9999.ebuild
@@ -10,7 +10,7 @@ CROS_WORKON_REPO="https://github.com"
 if [[ "${PV}" == 9999 ]]; then
 	KEYWORDS="~amd64 ~arm ~arm64 ~x86"
 else
-	CROS_WORKON_COMMIT="11640392fa6e6b4e485fe00cfede1069ab34aed3" # flatcar-3510-backport
+	CROS_WORKON_COMMIT="f73923083ce2ac885ccd43b394875e17f9a12794" # flatcar-3510-backport
 	KEYWORDS="amd64 arm arm64 x86"
 fi