At about 13:30 EST, a Piper Aerostar overran the runway on landing at the Statesville Airport. The airplane was substantially damaged. The pilot reported minor injuries and two passengers were uninjured. On the second localizer approach to the 5,004-foot runway 10, the airplane touched down about 500 to 1,000 feet from the approach end. The runway was wet, and the plane did not stop. As the airplane reached the departure end of the runway, the pilot veered the airplane to right to avoid radio antennas. The airplane went over a ditch, the terrain then dropped off, and the airplane struck a fence. The reported winds at the time were from 310 degrees, at 15 knots, with gusts to 31 knots.