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Trafalgar International names Carlos Septién CEO

Trafalgar International, Inc. replaces its CEO while keeping the former chief executive as board chairman, tying the move to its acquisition-focused growth strategy.

(Very High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

TRAFALGAR INTERNATIONAL, INC. (GCAN) announced an immediate change in executive leadership. On September 18, 2026, the board accepted the resignation of Porfirio Sanchez Talavera as Chief Executive Officer; he will remain Chairman of the Board. Concurrently, the board appointed Carlos Septién as Chief Executive Officer, and he resigned from his prior role as Chief Operating Officer.

The change aligns with the company’s recent name change to Trafalgar International, Inc. and its focus on an acquisition and business development strategy in financial services, technology and intellectual property. The company states that the resignations did not result from any disagreement over operations, policies or practices, and that Carlos Septién’s appointment (including to the board, following the Section 14(f) 10-day period) was not made pursuant to any arrangement other than in connection with Trafalgar Asset Management, LLC’s acquisition of control and ongoing strategic initiatives.

Positive

  • None.

Negative

  • Immediate CEO change on September 18, 2026 may introduce leadership transition risk, as Porfirio Sanchez Talavera resigned as Chief Executive Officer and a new CEO assumed the role at once, though he remains Chairman and the company reports no disagreement over operations or policies.

Filing Explained

The filing adds that Carlos Septién will presently receive no salary, bonus, equity award or other compensation from the company for his CEO appointment, although the board may approve compensation later; no current compensation commitment is disclosed.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
CEO resignation date September 18, 2026 Effective date of Porfirio Sanchez Talavera’s resignation as Chief Executive Officer
CEO experience More than 45 years Executive experience of Carlos Septién in Mexican banking and financial services
Senior executive tenure 35 years Years Carlos Septién has served as CEO or vice president of banks and regulated financial institutions
Section 14(f) period 10 days Ten-day period under Section 14(f) and Rule 14f-1 before Carlos Septién’s board appointment becomes effective
Executive MBA year 1978 Year Carlos Septién obtained an Executive MBA from Purdue University
Undergraduate degree year 1975 Year Carlos Septién obtained his Industrial Engineering degree from Universidad Iberoamericana
acquisition of control financial
"in connection with the Company’s acquisition of control by Trafalgar Asset Management, LLC"
Section 14(f) of the Securities Exchange Act of 1934 regulatory
"upon the expiration of the applicable ten (10) day period prescribed by Section 14(f) of the Securities Exchange Act of 1934"
Rule 14f-1 regulatory
"the ten (10) day period prescribed by Section 14(f) of the Securities Exchange Act of 1934 and Rule 14f-1 thereunder"
Regulation S-K regulatory
"any legal proceeding required to be disclosed pursuant to Item 401(f) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive leadership change did TRAFALGAR INTERNATIONAL, INC. (GCAN) announce?

On September 18, 2026, the board accepted Porfirio Sanchez Talavera’s resignation as Chief Executive Officer, effective immediately, and appointed Carlos Septién as the new Chief Executive Officer on the same date. Mr. Talavera continues as Chairman of the Board.

Does Porfirio Sanchez Talavera remain involved with TRAFALGAR INTERNATIONAL, INC. (GCAN)?

Yes. Although Porfirio Sanchez Talavera resigned as Chief Executive Officer effective September 18, 2026, he continues to serve as Chairman of the Board of Directors, maintaining a leadership role at the company.

Who is the new CEO of TRAFALGAR INTERNATIONAL, INC. (GCAN) and what is his background?

Carlos Septién is the new Chief Executive Officer. He has more than 45 years of executive experience in Mexican banking and financial services, including 35 years as CEO or vice president of banks and regulated financial institutions, and has led multiple financial and operating businesses.

Was the CEO transition at GCAN due to a disagreement with the company?

No. The company states that neither Mr. Talavera’s resignation as Chief Executive Officer nor Mr. Septién’s resignation as Chief Operating Officer resulted from any disagreement regarding the company’s operations, policies or practices.

Will Carlos Septién receive compensation immediately as CEO of TRAFALGAR INTERNATIONAL, INC. (GCAN)?

According to the company, Carlos Septién has not entered into any material compensatory plan or contract in connection with his appointment and will not presently receive salary, bonus, equity awards or other compensation, except as may be approved by the board in the future.

How does the CEO change relate to Trafalgar International, Inc.’s strategy?

The leadership transition follows the recent corporate name change to Trafalgar International, Inc. and is described as reflecting management’s focus on an acquisition and business development strategy in financial services, technology and intellectual property sectors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 18, 2026

 

Trafalgar International, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Florida   000-56027   30-0842570
(State of Other Jurisdiction   (Commission File   (IRS Employer
Of Incorporation)   Number)   Identification No.)

 

200 South Biscayne Blvd Fl 20, Miami, FL   33131
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: +52 1 55 6449 4966

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

On September 18, 2026, the Board of Directors of Trafalgar International, Inc., a Florida corporation (the “Company”), accepted the resignation of Porfirio Sanchez Talavera as the Company’s Chief Executive Officer, effective immediately. Mr. Talavera will continue to serve as Chairman of the Board of Directors. Concurrently, the Board of Directors appointed Carlos Septién as the Company’s Chief Executive Officer, effective immediately. In connection with his appointment, Mr. Septién resigned from his position as Chief Operating Officer.

 

The Company’s transition in executive leadership follows its recent corporate name change to Trafalgar International, Inc. and reflects management’s continued focus on its acquisition and business development strategy. The Company is a publicly traded acquisition and business development company focused on acquiring, developing and growing businesses in the financial services, technology and intellectual property sectors. The appointment of Mr. Septién as Chief Executive Officer reflects the Company’s commitment to building an executive leadership team with significant experience in banking, financial services and operating businesses.

 

The Company believes these management changes better position it to execute its broader strategic objectives and business plan. Neither Mr. Talavera’s resignation as Chief Executive Officer nor Mr. Septién’s resignation as Chief Operating Officer resulted from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

 

The appointment of Mr. Septién as Chief Executive Officer and to the Board of Directors was not made pursuant to any arrangement or understanding between Mr. Septién and any other person, except in connection with the Company’s acquisition of control by Trafalgar Asset Management, LLC and the Company’s ongoing strategic business initiatives. There are no family relationships between Mr. Septién and any director or executive officer of the Company.

 

To the knowledge of the Company, Carlos Septién has not, during the past ten years, been involved in any legal proceeding required to be disclosed pursuant to Item 401(f) of Regulation S-K. Biographical information regarding the newly appointed directors and executive officers is set forth below.

 

Carlos Septién, Chief Executive Officer and Director Appointee. Mr. Septién was appointed Chief Executive Officer of the Company, effective August 5, 2026. He has also been appointed to serve as a member of the Board of Directors, with such appointment becoming effective upon the expiration of the applicable ten (10) day period prescribed by Section 14(f) of the Securities Exchange Act of 1934 and Rule 14f-1 thereunder. Mr. Septién currently serves as Chief Executive Officer (Director General) and Consejero Delegado of the Trafalgar group in Mexico. He has more than 45 years of executive experience in Mexican banking and financial services, including 35 years serving as chief executive officer or vice president of banks and regulated financial institutions. From June 2021 to February 2024, Mr. Septién served as Vice President and Chief Executive Officer of Banco Autofin México, and from March 2024 to August 2025 as Chief Executive Officer of Grupo Diagnóstico Aries. Earlier in his career, he served as Chief Executive Officer of Laboratorios Médico El Chopo (2015–2020) and of Grupo Libertad (2013–2014); as Chief Executive Officer of Grupo Elektra’s financial services operations / Banco Azteca (2002–2013), one of Mexico’s largest mass-market financial services platforms; as Deputy Chief Executive Officer of Banorte (2002); as Chief Executive Officer and Chairman of the Board of Afore Bancrecer-Dresdner (2000–2001); as Chief Executive Officer of Ixe Grupo Financiero (1996–2000); as Deputy Chief Executive Officer, Commercial and Consumer Banking, of Banco del Atlántico (1992–1995); and in senior executive positions at BBVA México (1990–1992), Operadora de Bolsa (1989–1990) and Banamex (1978–1989). Mr. Septién is a member of the board of directors of Sanfer-Invekra. He holds an Executive MBA from Purdue University (1978) and a degree in Industrial Engineering from Universidad Iberoamericana (1975).

 

Carlos Septién has not entered into any material compensatory plan, contract or arrangement with the Company in connection with his appointment, and will not presently receive any salary, bonus, equity award or other compensation from the Company, except as may be approved by the Board in the future.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Trafalgar International, Inc.
     
Date: September 21, 2026 By: /s/ Carlos Septién
    Carlos Septién
    Chief Executive Officer

 

 

 

Filing Exhibits & Attachments

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