8-K 1 bearasset-8k_082903.txt 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): AUGUST 15, 2003 Bear Stearns Asset Backed Securities, Inc. -------------------------------------------------------------------------------- (Exact name of registrant specified in Charter) Delaware 333-91334 13-3836437 -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer ) of jurisdiction File Number) Identification No. incorporation) 383 Madison Avenue New York, NY 10179 -------------------------------------------------------------------------------- (Address of principal Zip Code executive offices) REGISTRANT'S TELEPHONE, INCLUDING AREA CODE: (212) 272-2000 Not Applicable -------------------------------------------------------------------------------- (Former name and former address, if changed since last report) ITEM 5. OTHER EVENTS Bear Stearns Asset Backed Securities, Inc., as depositor (the "Depositor") registered issuance of Asset Backed Certificates and/or Asset-Backed Notes on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the "Act"), by a registration statement on Form S-3 (Registration File No. 333-91334) (as amended, the "Registration Statement"). Pursuant to the Registration Statement, the Depositor caused Irwin Whole Loan Home Home Equity Trust 2003-C (the "Issuer") to issue $190,057,000 principal amount of Home Equity Loan-Backed Notes, Series 2003-C (the "Notes"), on August 15, 2003. The Notes were issued pursuant to an Indenture, dated as of August 1, 2003, between the Issuer and Wells Fargo Bank Minnesota, National Association (the "Indenture Trustee"), in conjunction with (i) a Sale and Servicing Agreement, dated as of August 1, 2003, among the Depositor, Irwin Union Bank and Trust Company (the "Master Servicer" and "Originator"), the Issuer and the Indenture Trustee; (ii) a Trust Agreement, dated as of August 1, 2003, between the Depositor and the Wilmington Trust Company (the "Owner Trustee"); and (iii) a Mortgage Loan Purchase and Servicing Agreement, dated as of June 13, 2003, between the Depositor and the Master Servicer. Capitalized terms not defined herein have the meanings assigned in Appendix A of the Indenture attached hereto as Exhibit 4.1 ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a) Not applicable. (b) Not applicable. (c) Exhibits: 4.1 Indenture 4.2 Sale and Servicing Agreement 4.3 Trust Agreement 4.4 Mortgage Loan Purchase and Servicing Agreement 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 2, 2003 By: /S/ JONATHAN LIEBERMAN Name: Jonathan Lieberman Title: Senior Managing Director INDEX TO EXHIBITS EXHIBIT NO. DESCRIPTION 4.1 Indenture 4.2 Sale and Servicing Agreement 4.3 Trust Agreement 4.4 Mortgage Loan Purchase and Servicing Agreement

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) August 26, 2003

Delaware (State or other jurisdiction of incorporation) 333-91334 (Commission file number) 13-3836437 (I.R.S. employer identification no.)

383 Madison Avenue New York, New York (Address of principal executive offices) 10179 (ZIP Code)

(212) 272-2000 Registrant's telephone number, including area code

N/A (Former name or former address, if changed since last report)

Item 5. Other Events

Attached as Exhibit 99.1 to this Current Report are certain materials (the "Computational Materials") furnished to the Registrant by Bear, Stearns & Co. Inc. ("Bear Stearns") in respect to Bear Stearns Asset Backed Securities, Inc., Asset-Backed Certificates, Series 2003-SD1, Class A, Class M-1, Class M-2, and Class B (the "Certificates"). The Certificates will be offered pursuant to a Prospectus Supplement, to be dated on or about August 26, 2003, and a Prospectus dated June 24, 2003 (the Prospectus Supplement and the Prospectus are collectively referred to herein as the "Prospectus") to be filed with the Commission pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended (the "Act"). The Certificates have been registered pursuant to the Act under a Registration Statement on Form S-3 (Commission File No. 333-91334) (the "Registration Statement"). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Prospectus.

The Computational Materials were prepared solely by Bear Stearns for use by the Underwriter, and the Registrant did not prepare or participate (other than providing to the Underwriter the background information concerning the underlying pool of assets upon which the Computational Materials are based) in the preparation of the Computational Materials.

Any statements or information contained in these Computational Materials shall be deemed to be modified or superseded for the purposes of the Prospectus and the Registration Statement by statements or information contained in the Prospectus.

Item 7. Financial Statements: Pro Forma Financial Information and Exhibits.

(a) Not applicable.

(b) Not applicable.

99.1 Computational Materials of Bear, Stearns & Co. Inc.

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.

BEAR STEARNS ASSET BACKED SECURITIES, INC. By: /s/ Joseph T. Jurkowski, Jr. Name: Joseph T. Jurkowski, Jr. Title: Vice President

Dated: August 28, 2003

EXHIBIT INDEX

Exhibit No. 99.1 Description of Exhibit Computational Materials of Bear, Stearns & Co. Inc.

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