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): April 4, 2002 BAS Securitization LLC (Exact name of registrant as specified in its charter) Delaware 333-81254 69-0009065 - -------- --------- ---------- (State of other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation or Number) organization) Bank of America Corporate Center, Charlotte, North Carolina 28255 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number including area code (888) 279-3457 Item 1. Changes in Control of Registrant. Not Applicable. Item 2. Acquisition or Disposition of Assets. Not Applicable. Item 3. Bankruptcy or Receivership. Not Applicable. Item 4. Changes in Registrant's Certifying Accountant. Not Applicable. Item 5. Other Events. Documents Incorporated by Reference. The consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of December 31, 2001 and December 31, 2000, and for each of the years in the three-year period ended December 31, 2001, 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 26, 2002, Commission File Number 1-10777), and Current Reports on Form 8-K filed with the Securities and Exchange Commission on January 25, 2002, as such Current Reports related to Ambac Assurance Corporation, are hereby incorporated by reference in (i) this Current Report on Form 8-K; (ii) the registration statement (No. 333-81254) of the Registrant; and (iii) the Preliminary Prospectus Supplement relating to Triad Automobile Receivables Trust 2002-A, and shall be deemed to be part hereof and thereof. Item 6. Resignations of Registrant's Directors. Not Applicable. Item 7. Financial Statements, Pro-Forma Financial Information and Exhibits. (a) Not Applicable. (b) Not Applicable. (c) Exhibits. Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- (23.1) Consent of KPMG LLP, independent certified public accountants of Ambac Assurance Corporation and subsidiaries in connection with Triad Automobile Receivables Trust 2002-A 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 thereunto duly authorized. Dated April 4, 2002 BAS SECURITIZATION LLC By: /s/ William A. Glenn -------------------------- Name: William A. Glenn Title: President EXHIBIT INDEX Paper (P) or Exhibit No. Description Electronic (E) - ----------- ----------- -------------- (23.1) Consent of KPMG LLP, independent certified public E accountants of Ambac Assurance Corporation and subsidiaries in connection with Triad Automobile Receivables Trust 2002-A