<PAGE>
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 26, 2000
Bear Stearns Asset Backed Securities, Inc.
--------------------------------------------------------------------------------
(Exact name of registrant specified in Charter)
Delaware 333-43278 13-3836437
--------------------------------------------------------------------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
245 Park Avenue
New York, NY 10167
--------------------------------------------------------------------------------
(Address of principal executive offices) Zip Code
REGISTRANT'S TELEPHONE, INCLUDING AREA CODE: (212) 272-4095
Not Applicable
--------------------------------------------------------------------------------
(Former name and former address, if changed since last report)
<PAGE>
ITEM 5. Other Events
Filing of Certain Materials
Pursuant to Rule 424(b)(5) under the Securities Act of 1933,
concurrently with, or subsequent to, the filing of this Current Report on Form
8-K (the "Form 8-K"), Bear Stearns Asset Backed Securities, Inc. (the "Company")
is filing a prospectus and a prospectus supplement with the Securities and
Exchange Commission (the "Commission") relating to its Irwin Home Equity Loan
Trust 2000-1, Home Equity Loan-Backed Term Notes, Series 2000-1 (the "Notes").
Incorporation of Certain Documents by Reference
The consolidated financial statements of Ambac Assurance Corporation
and its subsidiaries as of December 31, 1999 and December 31, 1998, and for each
of the years in the three-year period ended December 31, 1999, included in the
Annual Report on Form 10-K of Ambac Financial Group, Inc. (which was filed with
the Securities and Exchange Commission on March 30, 2000; Commission File Number
1-10777) and the unaudited consolidated financial statements of Ambac Assurance
Corporation and subsidiaries as of June 30, 2000, and for the periods ended June
30, 2000 and June 30, 1999, included in the Quarterly Report on Form 10-Q of
Ambac Financial Group, Inc. for the period ended June 30, 2000 (which was filed
with the Securities and Exchange Commission on August 11, 2000) are hereby
incorporated by reference in (i) this Current Report on Form 8-K; (ii) the
prospectus supplement for Irwin Home Equity Loan Trust 2000-1, Home Equity
Loan-Backed Term Notes, Series 2000-1, and shall be deemed to be part hereof and
thereof.
In connection with the issuance of the Notes, the Company is filing
herewith the consent of KPMG LLP ("KPMG") to the use of their name and the
incorporation by reference of their report in the prospectus supplement relating
to the issuance of the Notes. The consent of KPMG is attached hereto as Exhibit
23.1.
--------------------
* Capitalized terms used and not otherwise defined h rein shall have the
meanings assigned to them in the prospectus dated September 13, 2000 and the
prospectus supplement dated September 13, 2000, of Bear Stearns Asset Backed
Securities, Inc., relating to its Irwin Home Equity Loan Trust 2000-1, Home
Equity Loan-Backed Term Notes, Series 2000-1.
2
<PAGE>
ITEM 7. Financial Statements, Pro Forma Financial
Information and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23.1 Consent of KPMG
3
<PAGE>
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.
BEAR STEARNS ASSET BACKED
SECURITIES, INC.
Date: September 26, 2000
By: /s/ Jonathan Lieberman
-----------------------------
Name: Jonathan Lieberman
Title: Managing Director
4
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description Page
----------- ----------- ----
23.1 Consent of KPMG 6
5
