Dir
M. Scott Welch is a seasoned business leader and the founder, President, and Chief Executive Officer of Welch Packaging Group, Inc., a major independent corrugated packaging manufacturer based in Elkhart, Indiana, which he established in 1985.[[1]](https://www.marketscreener.com/insider/M-WELCH-A03JOA/)[[2]](https://fintool.com/app/research/companies/PATK/people/scott-welch) With over 40 years of experience in the packaging industry, including expertise in sales, marketing, acquisitions, strategic planning, finance, and capital allocation, Welch previously co-owned Elkhart Container from 1985-1988 before focusing on his current company.[[2]](https://fintool.com/app/research/companies/PATK/people/scott-welch)[[4]](https://ir.patrickind.com/investor-news-events/press-releases/detail/95/patrick-industries-inc-appoints-m-scott-welch-to-its-board-of-directors) He holds the position of Independent Director at Lakeland Financial Corp (NASDAQ: LKFN) since 1998 (noted as 1997 in some records), where he serves on the compensation committee since 2012 and was Lead Independent Director from 2012-2019; he recently purchased 10,000 shares on February 27, 2026, for $579,500, owning approximately 49,000 shares valued at over $3 million.[[1]](https://www.marketscreener.com/insider/M-WELCH-A03JOA/)[[2]](https://fintool.com/app/research/companies/PATK/people/scott-welch)[[3]](https://www.gurufocus.com/insider/55142/m-scott-welch)[[5]](https://www.investing.com/news/insider-trading-news/welch-m-scott-director-at-lakeland-financial-buys-579500-in-stock-93CH-4532485)
In addition to his roles at Lakeland Financial and Welch Packaging, Welch has been an Independent Director at Patrick Industries, Inc. (NASDAQ: PATK) since 2015, designated as an Audit Committee financial expert, and a Trustee at DePauw University since 2005.[[1]](https://www.marketscreener.com/insider/M-WELCH-A03JOA/)[[2]](https://fintool.com/app/research/companies/PATK/people/scott-welch) Aged 65 as of recent records, Welch also serves as a Director at Lake City Bank since 1998, demonstrating his commitment to governance and financial oversight across multiple sectors.[[1]](https://www.marketscreener.com/insider/M-WELCH-A03JOA/)[[2]](https://fintool.com/app/research/companies/PATK/people/scott-welch)
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