Trafalgar International names Carlos Septién chief executive officer

The board of Trafalgar International, Inc. accepted the resignation of Porfirio Sanchez Talavera as chief executive officer, effective immediately, on September 18, 2026. At the same time, the board appointed Carlos Septién as chief executive officer, and Mr. Septién resigned as chief operating officer to take the new role. Mr. Sanchez Talavera remains chairman of the board, according to a Form 8-K filed with the Securities and Exchange Commission on September 21, 2026.

Why the board made the change

The filing ties the change to the company's recent name change to Trafalgar International, Inc. It describes the company as a publicly traded acquisition and business development company focused on acquiring, developing and growing businesses in the financial services, technology and intellectual property sectors. It says the appointment reflects a commitment to building an executive team with significant experience in banking, financial services and operating businesses.

The filing states that neither resignation came from a disagreement with the company about its operations, policies or practices. It also says Mr. Septién's appointment was not made under any arrangement with another person, except in connection with the company's acquisition of control by Trafalgar Asset Management, LLC and its ongoing strategic business initiatives.

Carlos Septién's background

The filing says Mr. Septién also serves as chief executive officer, or 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 as a chief executive officer or vice president of banks and regulated financial institutions.

His listed roles include vice president and chief executive officer of Banco Autofin México from June 2021 to February 2024, and chief executive officer of Grupo Diagnóstico Aries from March 2024 to August 2025. Earlier positions include chief executive officer of Ixe Grupo Financiero from 1996 to 2000, deputy chief executive officer of Banco del Atlántico from 1992 to 1995, and senior executive roles at BBVA México from 1990 to 1992. He holds an Executive MBA from Purdue University, dated 1978, and an industrial engineering degree from Universidad Iberoamericana, dated 1975. He is also a member of the board of directors of Sanfer-Invekra.

The filing says Mr. Septién has not entered into any material compensatory arrangement with the company and will not presently receive a salary, bonus, equity award or other compensation, except as the board may approve in the future.

The biography section gives August 5, 2026 as the effective date of his appointment as chief executive officer. The opening part of the same filing dates the appointment to September 18, 2026. The filing does not explain the difference.

Financial position

The financial data tied to the company's annual report show a net income (loss) of negative $331,612 for the fiscal year ended December 31, 2025, and negative $179,041 for 2024. Cash from operations was negative $60,153 in 2025 and negative $109,491 in 2024. The most recent quarterly report gives cash and cash equivalents of $111 at June 30, 2026. That is a tiny balance against cash used in operations of $60,153 for 2025, and on these numbers the company has no funding for the strategy the filing describes.

What comes next

Mr. Septién will join the board once the ten day period prescribed by Section 14(f) of the Securities Exchange Act of 1934 and Rule 14f-1 ends. The filing gives no timetable for specific acquisitions or for any change to the strategy it describes, names no target, and does not say how an acquisition business with $111 in cash would pay for one.

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